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18 articles summarized · Last updated: LATEST

Last updated: July 7, 2026, 8:30 PM ET

Energy & Commodities

Oil futures surged 2.5% in early Asian trade amid renewed supply-disruption fears, as the U.S. military carried out new strikes against Iran after tanker attacks. The U.S. Treasury also revoked a waiver allowing global sales of Iranian oil, a move that sent crude prices higher following the strikes. Gold, however, held a decline near $1,730/oz as the renewed U.S. airstrikes on Iran complicated an interim deal to end the war, which had previously stoked inflation fears and raised the prospects for interest-rate hikes. Asian stocks were poised to drop for a second day as a selloff in chipmakers rippled across markets following the geopolitical tensions.

Public Offerings & Listings

Foundation Healthcare Holdings is set to begin trading in Singapore on Wednesday after its initial public offering, which was the largest of the year so far in the city-state outside of real estate investment trusts. In Hong Kong, Chinese autonomous-driving firm Momenta Global is also debuting after raising HK$5.9 billion ($752 in its initial public offering, testing market appetite for tech ventures.

Market Reclassification & Strategic Deals

S&P Dow Jones Indices has listed Indonesia as a country for potential market reclassification, indicating it may consider implementing special treatment for its securities if circumstances worsen. In a significant strategic move, Sumitomo Mitsui Trust Bank will take a 15% stake in New Zealand-based infrastructure investor Morrison as part of a new partnership aimed at providing its Japanese customers access to new investment opportunities.

U.S. Business & Regulatory Scrutiny

The White House is pressuring top U.S. grocers on beef prices, with an Agriculture Department official speaking last week with major retailers including Walmart, Kroger, and Albertsons. Meanwhile, Democratic lawmakers are probing possible ties between Lutnick’s firm and a Cantor Fitzgerald deal, where the firm previously led by the commerce secretary helped USA Rare Earth raise private funds in connection with a U.S. government investment.