Iran War Hits Six-Month Mark as Oil Markets Shrug Off Stalemate
Six months after the US-Israel campaign against Iran began, Brent crude sits a third below its April peak while Washington pivots to secondary sanctions with no ceasefire in sight.
Six months after the US-Israel campaign against Iran began, Brent crude sits a third below its April peak while Washington pivots to secondary sanctions with no ceasefire in sight.
Bitcoin climbs above $80,100 while MicroStrategy jumps 12% and Solana surges past $107 as traders brace for Kevin Warsh’s Jackson Hole keynote.
Nvidia shares soared 7.63% in after-hours trading after Q2 revenue hit $96.2 billion and the chipmaker forecast 70% sales growth for fiscal 2028.
South Korea’s KOSPI opened sharply higher after Nvidia’s earnings beat Wall Street expectations, calming investor worries about a slowdown in global semiconductor demand.
The Bank of Korea raised its 2026 GDP growth forecast to 3.3% from 2.6%, citing surging AI and semiconductor demand, even as some AI-linked stocks show mixed signals.
Applied Materials CEO Gary Dickerson says AI is driving the semiconductor industry’s biggest growth inflection, backed by a $5 billion EPIC Center investment.
OpenAI says its in-house Jalapeno AI chip, built with Broadcom, topped Nvidia’s GB300 on power efficiency and speed, with deployment planned later this year.
Wall Street closed nearly flat as US inflation hit 3.7% and GDP grew 1.5% in Q2, with traders eyeing Nvidia earnings and the Fed’s Jackson Hole meeting.
DBS Group stock soars 49.6% in a year to a record S$77.97. We break down the record profits, 4.1% dividend yield and rich valuation multiples.
Iran and Oman are negotiating a deal barring military vessels from the Strait of Hormuz as tanker traffic rises to 10 vessels and a fresh tanker strike raises new risks.