WS #11383
The dominant narrative remains stable with no material new developments in the last 30 minutes. The Strait of Hormuz situation, Ukraine-Russia conflict, and Khamenei funeral continue without escalation or de-escalation signals. No counter-signals or narrative-breaking events emerged. The market environment is unchanged from the previous cycle.
Topics
Key developments
- Ships U-turn near Hormuz as Iran warns against unauthorized routes
- India lifts emergency natural gas supply controls
- White House deletes 6,000 energy conservation webpages during heatwave
- OPEC+ to raise output quotas by 188,000 bpd for August