WS #12189
The US-Iran conflict continues to ESCALATE with multiple corroborated reports of expanded hostilities. IRGC released footage targeting US bases, and Iran struck US positions in Jordan and Kuwait as part of Operation Nasr 2. Iraq suspended crude oil loading at all terminals after a drone strike on a tanker at Basra Oil Terminal, attributed to Iranian-backed non-state actors. However, a later Reuters report states crude oil loading at Iraq's southern terminals is ongoing, creating uncertainty. The US added four Iran central bank crypto wallets to sanctions, and Tether froze $131M of contents. Separately, TSMC's Q2 beat (EPS $4.31 vs $3.77) failed to sustain gains, with shares falling ~4% on elevated AI expectations. ASML's Q2 beat also saw a sell-the-news reaction. Uber announced acquisition of Delivery Hero for ~$14.8B. Lilly is poised to enter psychedelics field with $3.8B Atai/Beckley buy. US Bancorp and Citizens Financial posted Q2 beats. Nvidia unveiled Cosmos 3 Edge AI model and expanded Japan physical AI ecosystem. The dominant narrative remains geopolitical risk from Iran with oil supply disruption, but the Iraq loading restart partially counters the bullish oil thesis.
Topics
Key developments
- Iran strikes US bases in Jordan and Kuwait; IRGC releases targeting footage
- Iraq suspends crude oil loading at all terminals after Basra drone strike; later reports say loading ongoing
- TSMC Q2 beat fails to sustain gains; shares fall ~4% on elevated AI expectations
- Uber to acquire Delivery Hero for ~$14.8B
- Lilly poised to acquire Atai/Beckley for $3.8B to enter psychedelics
- US Bancorp Q2 EPS beats, raises FY guidance
- Nvidia unveils Cosmos 3 Edge AI model and expands Japan physical AI ecosystem
- US adds four Iran central bank crypto wallets to sanctions; Tether freezes $131M