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The Houthis claimed to have attacked two ships in the Red Sea, and Iran said a third caught fire near the Strait of Hormuz.
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July 22, 2026 — Trump attends dignified transfer of soldiers, US and Iran trade threats CNNOil prices climb after tanker struck off Saudi Arabia, Trump escalates Iran threats CNBCTrump threatens to target Iran's bridges and power plants if Hormuz attacks persist BBCTrump escalates threats, vows to target Iranian bridges and power plants PBS
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Brent crude's rise towards $100 threatens a prolonged surge in inflation and resetting interest rate expectations
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The different price action between artificial-intelligence hyperscalers and chip and infrastructure stocks is a throwback to a setup in the late 1990s, argues JPMorgan.
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