Public Markets 3 Hours

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

Energy & Commodities

Crude oil futures surged sharply Crude Jumps as the U.S. revoked Iran's license to sell oil in global markets, a move that followed Iranian attacks on ships in the Strait of Hormuz. The U.S. decision to revoke the waiver, which had been a key incentive for Tehran to agree to an interim peace deal, now puts that agreement at risk U.S. Revokes Waiver. The Strait of Hormuz, a critical chokepoint for global oil flow, saw Qatari and Saudi vessels among those targeted near the coast of Oman Iran's Strikes. This escalating tension pushed Treasury yields higher, with a selloff accelerating in late trading Treasury Yields Rise.

Technology & Markets

U.S. technology shares retreated U.S. Stocks Retreat as investor confidence faltered following Samsung Electronics' disappointing earnings report, sparking concerns over the sustained rally in artificial intelligence-related assets Tech Rout Deepens. Amidst this broader tech slump, SpaceX shares stumbled in their Nasdaq-100 debut, trading below their initial offering price. Despite the broader market headwinds, some of the world's largest hedge funds have posted their strongest first-half results since 2021, shaking off a brutal March Hedge Funds Shake Off. Meanwhile, options traders are increasing bets that the Federal Reserve may be less hawkish than previously anticipated, as rate hike expectations for this year are being scaled back Traders Hedge.

Public Finance & Deals

The Federal Reserve has proposed changes Fed Proposes Changes to anti-money laundering requirements for banks, signaling a continued focus by U.S. regulators on core financial risks. In the corporate finance arena, Jefferies Financial Group is reportedly gauging investor interest for a potential $5 billion debt offering to back Carl Icahn's possible rival bid for Caesars Entertainment Inc. Separately, Canadian officials are contributing up to C$400 million ($282 to Teck Resources Ltd.'s plans to increase output of strategic metals from a key refinery Canada Offers Teck.

Global Politics & Legal

Marine Le Pen can run Le Pen Says for the French presidency in 2027 after an appeals court upheld her embezzlement conviction but shortened a ban on her eligibility for elected office. This legal battle echoes similar standoffs faced by other populist leaders globally Marine Le Pen’s Court. In the U.S., federal officials are linking terrorism grant money to election security measures, requiring states to adopt paper ballot systems, verify citizenship, and conduct costly audits to receive funding New Rules Require. Meanwhile, a building at risk of partial collapse in Midtown Manhattan has prompted city officials to restrict traffic What to Know.