Market 08/05: Iran Confirms Deal to Reopen Hormuz

If you missed our best recent articles:

• Bessent and BoJ: Sacrificing US Treasuries to Save the Japanese Yen? (FREE)

• SK Hynix: Is $150 High or Low?

• US & Japanese Bond Alert: When Oil and AI Squeeze the Long-End

• 250 Years of the US Economy - Part 2: The Scale Revolution (1865-1913)

• Credit Risk Meets AI: Who Gets a Margin Call First?

• US Banks Q2/2026: The Golden Quarter

• Second Iran War: A Heavier Impact Than the First?

• 250 Years of the US Economy - Part 1: Hamilton's Gamble (1776-1865)

• USMCA Disappears - The Risk of Uncertainty

• Mexico: The Contract-Manufacturing Economy Grows

Key news points:

• Iran and Oman reach maritime agreement on Hormuz

• Houthi attacks ship in Red Sea, 2.8 million barrels of oil exit Hormuz

• Bessent criticizes WSJ reporter Nick Timiraos

• US crude oil and crushing inventories bounce back

• July services PMI continues to expand

• ADP private employment growth weakest in 6 months

• 30-year Mortgage rate highest in 1 year

• Google shuffles AI leadership team

• SpaceX builds nationwide mobile network

• AMD: Q2 not a blowout, CapEx nearly 3x Est.

• SpaceX: First ER with AI CapEx at 6x revenue

• Eli Lilly: GLP-1 demand booms, raises full-year outlook

• Uber: Q2 meets expectations but weak outlook

• Shopify: AI and Shop Pay drive growth

• Market: Upper-end gamma squeeze has stalled