WS #13771
No material new developments in the last 30 minutes. The dominant US-Iran/Hormuz narrative remains unchanged with no counter-signals or de-escalation. All current signals are consistent with the prior synthesis, and no new data points have emerged to alter the market outlook.
Topics
Key developments
- Iran's six demands and stalled negotiations keep Hormuz closed; oil prices surge
- China's July CPI slows to 0.5% YoY, below forecast
- US July nonfarm payrolls fall 23k, reducing Fed rate hike odds
- Senate delays CLARITY Act crypto bill vote to September