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Last updated: July 7, 2026, 5:30 AM ET

Global Markets React to Geopolitical Tensions and Corporate Earnings

Geopolitical tensions flared in the Strait of Hormuz, with reports of Iranian missiles striking two commercial ships. This incident, impacting vessels including the Qatari gas tanker Al Rekayyat, occurred near Oman's coast and tested a U.S.-Iran cease-fire. The attacks sent oil prices higher, with Shell’s traders benefiting from the increased volatility, though the company's gas output was impacted by lost Qatari volumes. U.S. tech futures declined in early trading as investors digested Samsung Electronics’ earnings, which, despite being strong, sparked a broader selloff in artificial intelligence-related stocks.

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