Wednesday Market Wrap: Oil Hits $100 as Peace Deal Falters

Short, sharp, consistent updates moving the markets today:

🛢️ Energy Crisis: Brent crude surged toward $100 as the White House negotiating team remained in Washington. With the "ceasefire" set to expire today and no deal in sight, markets are bracing for a full-scale shutdown of the Hormuz Strait.

🍎 Apple Shuffle: John Ternus has been officially named the next CEO of Apple, effective September 1, 2026. Tim Cook will transition to Executive Chairman after a historic 15-year run.

🏛️ The Fed: Trump’s Fed Chair nominee, Kevin Warsh, testified before the Senate, stressing his commitment to "strict independence" from the White House in setting monetary policy.

🤖 AI Mega-Deal: Amazon is investing an additional $25B in Anthropic. In return, Anthropic####news has committed to spending $100B on Amazon Web Services (AWS) infrastructure over the next decade.

🔋 Tech Breakthrough: China’s CATL unveiled its 3rd-gen Shenxing battery, capable of charging from 10% to 98% in just 6 minutes and 27 seconds.

🛡️ Security & DeFi: * Arbitrum emergency-froze 30,766 ETH ($71M) linked to the KelpDAO hack.

• Fraud alert: Scammers are posing as Iranian authorities, demanding crypto from shipowners for "safe passage" through the Hormuz Strait.

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By SmartAsset #news