Sovereign Intelligence

Macro & Geopolitical Intelligence

US Close Fri 21 Aug | ASX Close Fri 21 Aug | Mon 24 Aug 2026 06:30 AEST

Bottom Line

Energy & FX

Brent Crude $92.75 (-1.7%)
Gold (Spot) $4,701.50 (+1.6%)
AUD/USD 0.7167 (+0.6%)

Iran War — Day 178

Risk Level CRITICAL
Brent-WTI Spread $7.73 (High Dislocation)

Trump's secondary tariffs on Iran-oil buyers active. "Middle Corridor" talks telegraphed but unverified.

Portfolio Snapshot (US Positions)

Symbol Price (USD) Market (AUD) P&L %
MU$966.78$10,791+40.8%
MSFT$483.24$20,227+17.7%
TSM$418.95$7,599+4.5%
AVGO$368.45$5,655-13.1%
META$549.90$13,810-9.4%
RDDT$153.29$14,757-5.0%
CBRS$196.13$5,199-34.4%
QQQU$55.06$8,681-52.5%
TSXU$54.26$832-90.3%
Total US Market Value A$87,556 -15.9%

What to Watch (24H)

  1. RBA Minutes: Tomorrow 11:30 AM AEST — Cash rate path cues.
  2. KOSPI 6,500 Floor: The psychological line in the sand for AI/Semi capitulation.
  3. Hormuz Transit Data: Real-time tanker verification of "Middle Corridor" deal.
  4. Jackson Hole Teasers: Early headlines from central bankers arriving in Wyoming.