Currently, U.S. projections indicate that the daily oil supply shortfall of approximately 600,000 barrels, caused by the U.S.-Iran conflict, will persist until the end of 2027. The ongoing conflict continues to hinder oil transportation through the crucial Strait of Hormuz. According to data from the U.S. Energy Information Administration (EIA) Short-Term Energy Outlook, in the second quarter of 2027, oil shipments through the Strait of Hormuz are estimated to reach 4.9 million barrels per day;

According to the data for the week ending August 7, U.S. API crude oil inventories recorded an increase of 9.072 million barrels. Previously, the market had expected a decrease of 500,000 barrels, while the previous value announced was 2.69 million barrels. This figure significantly exceeded market expectations and may subsequently impact the international crude oil price trend and energy market supply and demand expectations. Relevant professionals and investors will also further adjust their

General Motors (GM.US) launches a $4.5 billion plan to secure key component supplies.

The Dow Jones closed down 0.34%, the Nasdaq fell 0.6%, and the S&P 500 declined 0.32%. Among the most actively traded stocks, Micron Technology rose 0.87%, Nvidia fell 0.02%, Intel gained 0.19%, and SpaceX dropped 3.93%.

AI cloud service giant Coreweave (CRWV.US) reported revenue of $2.58 billion for the second fiscal quarter, beating the market expectation of $2.56 billion; the net loss for the second quarter was $626 million, better than the expected loss of $757.1 million; as of June 30, 2026, the total value of contracted orders on hand was approximately $104 billion.