WS #13706
No material new developments in the last 30 minutes. The Strait of Hormuz crisis remains the dominant theme, but no new data points have emerged to change the assessment. The situation is stable with no escalation or de-escalation signals. Other previously noted developments (US sanctions bill, Bulgarian pipeline incident, earnings beats) remain unchanged with no new information. The AI-driven tech rally narrative is unchanged, with no new contradicting signals from MAG7 tickers.
Topics
Key developments
- Iran's IRGC says Strait of Hormuz will not reopen until US fully accepts its conditions, including $300B compensation and 7% cargo toll
- US Senate passes Lindsey Graham Sanctioning Russia and Iran Act, authorizing up to 100% tariffs on top buyers of Russian oil
- Ukrainian drone explodes near Trans-Balkan gas pipeline in Bulgaria, raising European energy security concerns
- Targa Resources beats Q2 EPS by $0.71, raises 2026 EBITDA guidance to top of range
- Datadog beats Q2 EPS by $0.07, revenue up 36% YoY, raises guidance
- Grab Holdings reports net profit of $235 million, revenue up 22% YoY
- Alphabet plans up to $25 billion debt raise for AI expansion