WS #11456
No material new developments in the last 30 minutes. The dominant themes of OPEC+ output increase and Strait of Hormuz reopening remain stable with no escalation. Foxconn's Q2 revenue beat is a carry-forward signal with no new data. No counter-signals or de-escalation detected.
Topics
Key developments
- OPEC+ confirms 188,000 bpd quota hike for August as Gulf oil exports rebound
- Foxconn Q2 revenue beats estimates, up 39.8% YoY on AI demand
- Google raises $85B in largest US equity deal for AI infrastructure
- OpenAI engineers halve inference cost, potentially reducing GPU demand