WS #13912
The dominant Middle East/oil narrative and the CoreWeave AI demand story remain unchanged, with no new data points, counter-signals, or de-escalation signals to report. This window carries 8 key development(s), 4 at significance:high: IEA doubles Q3 oil deficit forecast to 1.8M bpd, sees wider supply gap despite demand hit; Strait of Hormuz shipping traffic falls to one-week low of 8 vessels, Iran says strait stays closed unless US meets conditions; US CPI due today: expected 3.4% YoY, 0.1% MoM; core 2.5% YoY; September Fed hike odds near 50%; Foxconn Q2 profit up 35% on AI demand, TSMC July revenue record $14.49B, CoreWeave raises guidance. A further 4 development(s) sit below significance:high.
Topics
Key developments
- IEA doubles Q3 oil deficit forecast to 1.8M bpd, sees wider supply gap despite demand hit
- Strait of Hormuz shipping traffic falls to one-week low of 8 vessels, Iran says strait stays closed unless US meets conditions
- US CPI due today: expected 3.4% YoY, 0.1% MoM; core 2.5% YoY; September Fed hike odds near 50%
- Foxconn Q2 profit up 35% on AI demand, TSMC July revenue record $14.49B, CoreWeave raises guidance
- Ukraine pauses drone strikes on Russian oil tankers at US request, but Novorossiysk grain terminal halted after attacks
- Nvidia $500B AI infrastructure financing plan with Wall Street partners faces depreciation risk
- Apple faces DRAM shortage, may cut hardware shipments including iPhone 18 Pro
- North Korea launches ballistic missile, second in a week, ahead of US-South Korea exercises