WS #12926
Iran held talks with Oman and Saudi Arabia over Strait of Hormuz, and Trump claims US controls the strait, while US plans to ban robot/inverter imports from China, all de-escalation signals countering oil supply crisis. Boeing reported Q2 revenue of $24.56B (beat), FCF of $631M vs -$177M consensus, signaling CEO Ortberg's turnaround is gaining traction despite Iran war overhang.
Geopolitical De-escalation Signals
Iran held talks with Oman and Saudi Arabia over Strait of Hormuz, and Trump claims US controls the strait, while US plans to ban robot/inverter imports from China, all de-escalation signals countering oil supply crisis.
Boeing reported Q2 revenue of $24.56B (beat), FCF of $631M vs -$177M consensus, signaling CEO Ortberg's turnaround is gaining traction despite Iran war overhang.