WS #13509
No material new developments in the last 30 minutes. The dominant Iran-Oman Strait of Hormuz reopening narrative remains unchanged, with no new data points beyond what was previously reported. SpaceX earnings fallout and NVDA/AMD divergence also show no new information. The situation is stable, with no counter-signals or de-escalation events to report.
Topics
Key developments
- Iran and Oman finalize Hormuz shipping route agreement, joint statement in final drafting
- SpaceX tumbles 13.6% on massive AI capex, but Musk's Nvidia commitment boosts NVDA 3.4% and pressures AMD 7%
- Gold surges 4.2% to $4,245 as weak ADP data and Hormuz hopes cool Fed hike expectations
- ADP employment misses badly at 44K vs 70K forecast, raising doubts on Friday's NFP
- Honeywell Aerospace plunges 11% on weak earnings and guidance cut
- Shopify jumps 16% on strong Q2 results and AI-driven growth
- Duolingo falls 10% on soft Q3 revenue outlook despite user growth
- Jeff Bezos files to sell $4.1 billion in Amazon stock