WS #13326
Trump claims talks with Iran are ongoing and asserts control over Hormuz, but Iran denies talks and says Hormuz negotiations are bilateral with Oman, creating a credibility gap that could reverse the oil-driven rally. SpaceX short interest ($23.6B) exceeds Tesla's ahead of first earnings (Aug 4) and lockup expiration (Aug 5), with stock down 50% from highs; options imply ~15% move. US SPR declined 2.9M barrels to 304.8M with releases winding down; OPEC+ to raise output by 188k bpd in September; Houthi threats persist and a Qatari LNG tanker was hit in Hormuz, keeping supply risk elevated.
US-Iran de-escalation credibility gap
Trump claims talks with Iran are ongoing and asserts control over Hormuz, but Iran denies talks and says Hormuz negotiations are bilateral with Oman, creating a credibility gap that could reverse the oil-driven rally.
SpaceX short interest ($23.6B) exceeds Tesla's ahead of first earnings (Aug 4) and lockup expiration (Aug 5), with stock down 50% from highs; options imply ~15% move.
US SPR declined 2.9M barrels to 304.8M with releases winding down; OPEC+ to raise output by 188k bpd in September; Houthi threats persist and a Qatari LNG tanker was hit in Hormuz, keeping supply risk elevated.