WS #11169
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: Ukraine-Russia energy war escalation and Strait of Hormuz disruption continue, with no counter-signals or de-escalation observed.
Topics
Key developments
- Russia imports gasoline from India as Ukraine drone strikes cause fuel crisis
- Strait of Hormuz mostly closed, stopping 20% of global oil; Iran seeks lasting control
- Meta to sell excess AI compute capacity, neocloud stocks plunge, META rallies
- Fed Chair Warsh taps Mervyn King for communications task force; reiterates inflation fight
- US manufacturing PMI misses at 53.3 vs 53.9 consensus
- GM Q2 US auto sales fall 4.2% as EV demand declines
- Google ordered to pay Klarna $2bn antitrust damages
- Super Micro employees detained in Nvidia chip smuggling probe