{"id":50693,"date":"2025-07-18T11:08:39","date_gmt":"2025-07-18T15:08:39","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/global-markets-brace-for-oil-price-cap-cut-jpmorgan-initiates-openai-coverage-with-700b-tam-projection\/50693\/"},"modified":"2025-07-18T11:08:39","modified_gmt":"2025-07-18T15:08:39","slug":"global-markets-brace-for-oil-price-cap-cut-jpmorgan-initiates-openai-coverage-with-700b-tam-projection","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-brace-for-oil-price-cap-cut-jpmorgan-initiates-openai-coverage-with-700b-tam-projection\/50693\/","title":{"rendered":"Global Markets Brace for Oil Price Cap Cut; JPMorgan Initiates OpenAI Coverage with $700B TAM Projection"},"content":{"rendered":"<h3>Key Takeaways<\/h3>\n<ul>\n<li>The <strong>UK<\/strong> and <strong>EU<\/strong> have significantly lowered the crude oil price cap from <strong>$60<\/strong> to <strong>$47.60 per barrel<\/strong>, a move aimed at further reducing Russia&#39;s oil revenues.<\/li>\n<li><strong>JPMorgan<\/strong> (<a href=\"\/stock\/JPM\">JPM<\/a>) has commenced research coverage on private companies, starting with <strong>OpenAI<\/strong>, projecting its Total Addressable Market (TAM) could exceed <strong>$700 billion by 2030<\/strong>.<\/li>\n<li>US Deputy Treasury Secretary <strong>Michael Faulkender<\/strong> has publicly questioned the sustained high interest rates and indicated the Treasury&#39;s preference for President <strong><a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a><\/strong> to consider a broad range of candidates for the next Federal Reserve Chair.<\/li>\n<li><strong>Faulkender<\/strong> also asserted that new cryptocurrency regulations are designed to further solidify the <strong>U.S. Dollar&#39;s<\/strong> position as the global standard.<\/li>\n<\/ul>\n<p>The <strong>United Kingdom<\/strong> and the <strong>European Union<\/strong> have announced a substantial reduction in the crude oil price cap, lowering it from <strong>$60<\/strong> to <strong>$47.60 per barrel<\/strong>. This measure, part of the <strong>EU&#39;s 18th sanctions package<\/strong> against Russia, aims to further curtail Moscow&#39;s ability to fund its war efforts by reducing its oil revenues by an estimated 23% compared to pre-sanction levels. The dynamic cap will be adjusted twice annually to remain 15% below the average market price of Russian crude.<\/p>\n<p>In a significant development for the technology and financial sectors, <strong>JPMorgan<\/strong> (<a href=\"\/stock\/JPM\">JPM<\/a>) has initiated research coverage on private companies, beginning with artificial intelligence leader <strong>OpenAI<\/strong>. The banking giant forecasts that <strong>OpenAI<\/strong> could tap into a Total Addressable Market (TAM) exceeding <strong>$700 billion by 2030<\/strong>, driven by its consumer-first model and broadening monetization efforts. This move by <strong>JPMorgan<\/strong> signals a growing interest from traditional financial institutions in the burgeoning private tech market.<\/p>\n<p>US Deputy Treasury Secretary <strong>Michael Faulkender<\/strong> has voiced concerns regarding the current economic landscape, questioning <em>why interest rates remain so high<\/em>. Faulkender also revealed that the Treasury is encouraging President <strong><a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a><\/strong> to consider a <em>diverse pool of candidates<\/em> for the upcoming Federal Reserve Chair selection, indicating potential shifts in future monetary policy leadership.<\/p>\n<p>Furthermore, Deputy Treasury Secretary <strong>Faulkender<\/strong> highlighted the strategic importance of new cryptocurrency regulations, stating they will <em>reinforce the U.S. Dollar as the global standard<\/em>. This comes as the U.S. House of Representatives recently passed landmark bills to establish a federal regulatory framework for <a href=\"https:\/\/stockmarketwatch.com\/market-trends\/stablecoins\/2025-report\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Stablecoins\">stablecoins<\/a>, aiming to ensure they are backed by liquid assets like <strong>U.S. dollars<\/strong> and Treasury bills.<\/p>\n<p>On the geopolitical front, <strong>China&#39;s Foreign Ministry<\/strong> officials have summoned the <strong>Philippine Ambassador to China<\/strong>. This diplomatic action follows China&#39;s imposition of a travel ban on a former Philippine senator due to his stance on South China Sea issues, escalating tensions between the two nations.<\/p>\n<p>Meanwhile, a <strong>top Republican<\/strong> on the House China Committee has raised objections to the potential resumption of <strong>Nvidia<\/strong> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) H20 chip shipments to China. This objection underscores ongoing concerns in Washington regarding the transfer of advanced technology that could bolster China&#39;s technological capabilities, particularly in the semiconductor sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways The UK and EU have significantly lowered the crude oil price cap from $60 to $47.60 per barrel, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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