WS #11462

The dominant narrative in this window is the de-escalation of the Strait of Hormuz crisis, with multiple corroborating signals: 6 High Noons tankers have secured transit through the strait, India has lifted emergency gas supply curbs as LNG shipments normalize, and OPEC+ has announced a further 188,000 bpd production increase for August, citing improving export flows. This is a clear counter-signal to the prevailing oil supply disruption thesis, and Brent crude has already fallen 3% on the news. Separately, the Venezuela earthquake death toll has been updated to 1,719, and US Marines are repairing the La Guaira port, a rare US military presence on Venezuelan soil. Tesla's robotaxi service launched in Miami without safety operators, and the company reported record Q2 deliveries of 480,126 vehicles, though the stock fell. Anthropic's 11:1 hire ratio at DeepMind signals AI talent concentration away from search, potentially pressuring GOOG. The DRAM stock drop of 25% from highs is notable but lacks a specific trigger. The Mallory McMorrow Senate campaign suspension in Michigan is a political development with limited direct market impact.