WS #13674
No material new developments in the last 30 minutes. The Strait of Hormuz crisis remains the dominant driver with mixed signals (diplomatic progress vs. continued military escalation), but no new data points have emerged to change the outlook. Oil prices remain volatile around Brent $83.55 and WTI $78.18, and the AI trade continues its rebound. No counter-signals or de-escalation developments have surfaced in this window.
Topics
Key developments
- Iran and Oman 'very close' to Hormuz deal, but Iran conditions reopening on US concessions and compensation
- UAE says Iran targeted ADNOC tanker in Strait of Hormuz; GCC condemns attack
- US Senate passes Russia sanctions bill allowing 100% tariffs on Russian oil buyers (India, China)
- Ukraine strikes two Russian oil refineries (Ilsky and Syzran), adding to supply concerns
- Amazon raises AI capex to $220B for 2026; Nvidia eyes $3B investment in Lancium
- Berkshire Hathaway Q2 net earnings more than double to $25.7B; ~$4.5B buybacks
- Weak July jobs report (23K job cuts) raises Fed hold expectations for September