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5 articles summarized · Last updated: LATEST

Last updated: July 12, 2026, 8:30 PM ET

Energy Markets Surge on Geopolitical Tensions

Oil prices jumped sharply as escalating strikes between the US and Iran fueled concerns over crude flow disruptions through the Strait of Hormuz. Meanwhile, gold futures held steady as Regis Resources declined to match Genesis Minerals' US$3.9 billion bid for Vault Minerals, signaling a potential pause in gold mining consolidation.

Political Headlines Dominate US News

In Washington, Senate Minority Leader Mitch McConnell from a fall, denying reports of a heart attack and entering rehabilitation. Separately, Senator Lindsey Graham died on Saturday following a trip to Ukraine, just months before his re-election bid. (Note: Article about a Bangkok bar fire was not relevant to public market movements.)