Latest / Market Pulse by Orestes Capital
August 4, 2026 - Oil Plunges on Hormuz Deal Hopes as Tech Hits Record Highs
Oil’s geopolitical risk premium collapsed as hopes for a U.S.-Iran agreement to reopen the Strait of Hormuz sent Brent and WTI sharply lower—and helped propel U.S. equities to fresh records. In this episode, we examine how comments from Treasury Secretary Scott Bessent, Qatari mediation and the prospect of restored Gulf shipping flows quickly repriced inflation, Fed policy and Treasury yields.
The rally was amplified by powerful AI-linked earnings: Palantir surged after raising its outlook, Caterpillar benefited from data-center and infrastructure demand, and semiconductor shares accelerated…
The skinny
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