WS #13444
US, Iran, and Oman are close to an interim 60-day deal to reopen the Strait of Hormuz, with Trump saying a deal could come 'today or tomorrow'; Brent fell below $80 and WTI to ~$75 on the news, but Iran's military advisor pushed back on US claims of no fees/permission, adding uncertainty. SpaceX reported Q2 revenue of $7.8B (up 92% YoY, beating estimates), but shares fell ~6-7.5% after hours on lockup fears and massive AI capex ($18B total, $12B on AI infrastructure), with the stock down ~50% from its IPO peak.
Hormuz deal progress and oil price collapse
US, Iran, and Oman are close to an interim 60-day deal to reopen the Strait of Hormuz, with Trump saying a deal could come 'today or tomorrow'; Brent fell below $80 and WTI to ~$75 on the news, but Iran's military advisor pushed back on US claims of no fees/permission, adding uncertainty.
SpaceX reported Q2 revenue of $7.8B (up 92% YoY, beating estimates), but shares fell ~6-7.5% after hours on lockup fears and massive AI capex ($18B total, $12B on AI infrastructure), with the stock down ~50% from its IPO peak.