AUGUST 3, 2026 20 SECONDS: {[{0E4BMBsTJcApW-tZW5XLaZA2dtGNEs_0GeE82xMDt7gP8AqCURtsph7KeWo1gBB8s2Uc9ts5guTCCOUKLy0B1F-CxQyEY4rRPy74iJl7}]} • MoU Mia, here we go again. Trump said new Iran talks resume today after calling off a planned strike. Iran-Oman negotiations over the Strait are in the final stages. Odds of SoH normalization by YE rose 8%pts and Brent fell 5%. Our view is unchanged and still anchored in military realities. • We think the AI/MOMO factor correction is over but on the way up, the surprise ...