WS #9987
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: US-Iran peace deal framework driving oil below $80, with Strait of Hormuz reopening expected. G7 plans to increase pressure on Russia and Ukrainian drone attack on Moscow refinery are carry-forwards from previous window. No new counter-signals or non-dominant-narrative developments detected.
Key developments
- Oil holds near three-month low on US-Iran deal expectations; Strait of Hormuz reopening to unleash supply
- G7 plans to step up pressure on Russia with tougher oil/gas sanctions and expanded weapons deliveries to Kiev
- Ukrainian drone strikes Moscow region's largest refinery, damaging key processing unit
- Salesforce stock seals longest losing streak on record as AI acquisition sparks anxiety
- Adobe Q2 revenue $6.6B, up 13% YoY, sustained double-digit growth
- Bank of Japan raises rates to 1%, hawkish move
- China stock gauge sinks as traders favor AI winners elsewhere