Episode Details

Andrew, Thomas, and Tom discuss the sharp Iran escalation with reports of a cruise missile impact on a nuclear power plant and missiles sent to Jordan following US strikes on 90 Iranian military targets, Russia's diesel export ban through July 31 sending US diesel up over 13% and London wholesale futures up 14% after Ukrainian drone strikes triggered Russia's worst fuel crisis since the Soviet collapse, the FOMC minutes noting broader tariff and AI-driven inflation, SK Hynix's US listing 7x oversubscribed at $24.5 billion, and China permitting local AI companies to buy Nvidia H200 chips for training.

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