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Stocks mixed amid AI rout as oil plummets on US-Iran optimism - Newsquawk US Market Wrap

Mediators of the ongoing conflict in the Middle East believe the US and Iran are reportedly close to a deal that would resurrect the failed MoU; Iran reportedly demonstrating 'flexibility' over Hormuz Strait operations; OPEC+ reportedly expects to hold 2026 output steady after September; US Consumer Confidence misses in July; KO earnings beat; GLW revenue & outlook disappoint; V to cut 7% of workforce; Average 7-year auction.

Citadel Securities Makes The Case For A Fed Rate-Hike Tomorrow

...the market may once again be underestimating the extent of the hawkish shift at the Fed, and that the (for now) moderate increase in energy prices may tip an already finely balanced meeting in favor of a hike tomorrow...