WS #7034

The dominant narrative remains the US-Iran conflict, which is ESCALATING. Key developments in this window include: Trump claims Iranian negotiators told him the US must retrieve nuclear material from destroyed facilities, suggesting Iran lacks the technology to do so itself. Trump also told CBS he plans to temporarily suspend the U.S. federal gasoline tax, a counter-signal to oil price spikes. The White House confirmed Trump will travel to China on Wednesday, and Elon Musk will join the U.S. delegation. Separately, OpenAI launched DeployCo, an enterprise AI deployment platform, with Brookfield Asset Management investing $500M. Cerebras Systems' IPO is expected this week, adding a new name to the AI chip trade. A massive dark pool trade of $280.63M in QQQ was detected. UK gilt yields rose as Starmer's speech failed to calm bond markets. The Cleveland Fed's Q2 survey showed one-year inflation expectations jumped to 3.7% from 3.1%.