WS #13684
No material new developments in the last 30 minutes. The Strait of Hormuz crisis remains the dominant theme, but no new escalation or de-escalation signals have emerged. Other previously noted items (Berkshire earnings, Russia sanctions bill, Apple memory shortage) have not seen new data points. The situation is stable, with no counter-signals to the prevailing bearish oil narrative.
Topics
Key developments
- Iran issues sweeping demands for Hormuz reopening, attacks ADNOC tanker
- Berkshire Hathaway Q2 EPS beats, $4.5B buyback and $20B equity purchases
- US Senate passes Russia sanctions bill with up to 100% tariffs on oil buyers
- Apple faces memory shortage; DRAM prices up 90% QoQ, may raise iPhone prices