President Trump called off a planned strike on Iran late Saturday, citing agreement on a deal's perimeters — one he says includes the immediate and complete opening of the Strait of Hormuz. Iran's Fars news agency dismissed the demands as a wish list. Roughly a fifth of the world's seaborne oil moved through that choke point before this war.

Today's full breakdown:

⛽ The canceled strike and what a real Hormuz reopening does to oil, airlines, transports and inflation
🛢️ OPEC+ agrees in principle to a ~188,000 barrel/day September increase, then a pause
📊 WTI near $84.67, Brent near $90.00, both up over 1% after Iran said it struck two tankers
📈 Friday's completed close: S&P 500 7,489 (+0.7%), Nasdaq 25,374 (+1%), Dow +277
☁️ Amazon +15% on cloud strength, Apple -7% on chip shortage costs
⚠️ 10-year at 4.73%, 30-year at 5.25% — the highest since 2007. Roughly 63% odds priced for a September hike after three Fed dissents.
₿ Bitcoin ~$63,100, Ethereum ~$1,866, Cardano +9% to ~19 cents on reported whale accumulation
🗓️ ADA futures hit six months of trading history August 9 — an ETF criterion, not an approval
🥇 Gold under $4,100 but still first monthly gain in five months

Coming up: the Iran agreement, Monday's manufacturing survey, Palantir and AMD earnings, and Friday's July jobs report.

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