WS #12197
No material new developments in the last 30 minutes. The dominant narrative of escalating US-Iran/Houthi conflict and oil supply disruption risks remains unchanged, with no counter-signals or de-escalation observed. All reported events are continuations of previously surfaced themes.
Topics
Key developments
- Iran instructs Houthis to prepare to close Bab el-Mandeb Strait if US strikes Iranian infrastructure
- Iraq halts crude oil loading at all terminals after drone strikes on Basra Oil Terminal
- Explosions reported in Bandar Abbas, Iran; US strikes Iranian tanker near Kharg Island spiking oil past $112
- GE Aerospace beats Q2 estimates, raises full-year guidance; engine supply not a bottleneck for Boeing 787
- Evercore ISI cuts IBM price target to $250 from $310; stock nears $100 level
- Aggressive call buying in META ($343M premium) and JPM ($54M premium) on options flow
- US retail sales +0.2% MoM in June, in line with expectations; pending home sales -5.4% vs -0.5% est.