WS #13441
The dominant theme remains the potential US-Iran-Oman interim deal to reopen the Strait of Hormuz, with multiple sources (Axios, Sky TG24, Gulf News, AOL, Euronews, Anadolu) corroborating that an announcement could come Wednesday. This is a high-significance geopolitical development that directly impacts oil prices, shipping, and risk sentiment. Trump's threat to 'hit very hard' if the strait isn't reopened adds a hawkish counterweight, but the overall narrative is de-escalatory, supporting the recent equity rally and pressuring crude. Separately, earnings season is driving individual stock moves: Amgen (AMGN) and Booking (BKNG) beat estimates, while Lucid (LCID) missed on EPS and AMD fell after hours despite a revenue beat. SpaceX's first earnings report showed strong revenue but AI capex concerns, dragging its stock. These company-specific signals are actionable for the next trading session.
Topics
Key developments
- US-Iran-Oman interim Hormuz deal expected Wednesday, oil drops below $80
- RBI holds repo rate at 5.25%, raises GDP forecast to 6.7%, cuts core inflation view to 4.3%
- AMD shares fall 7%+ after hours despite Q3 revenue beat on AI capex concerns
- SpaceX stock drops 6.9% after first earnings report; AI spending concerns outweigh revenue beat
- Russian missile strike on Kyiv kills two, injures 24; North Korean missile unit deploys to Russia
- Amazon hits $3 trillion market cap on AWS growth; Bezos registers sale of 15M shares
- Fed's Schmid says tighter policy needed; market prices 59% chance of September hike