WS #13424
US-Iran deal to reopen Strait of Hormuz appears close, driving Brent down ~5% to ~$79, a counter to the prior oil supply crisis thesis. SpaceX beats revenue but falls 7% AH on Starlink ARPU decline and $541M Bitcoin loss; Musk expects significant NVIDIA GPU allocation next year, supporting NVDA.
Hormuz De-escalation and Oil Price Drop
US-Iran deal to reopen Strait of Hormuz appears close, driving Brent down ~5% to ~$79, a counter to the prior oil supply crisis thesis.
SpaceX beats revenue but falls 7% AH on Starlink ARPU decline and $541M Bitcoin loss; Musk expects significant NVIDIA GPU allocation next year, supporting NVDA.