Public Markets 3 Hours

Last updated: July 13, 2026, 11:30 AM ET

Energy Markets Brace for Volatility Amid Geopolitical Tensions

Oil futures surged higher as hostilities between the U.S. and Iran escalated, prompting investors to move into a "risk-off" mode. Ship traffic in the Strait of Hormuz plunged to a monthly low following an Iranian attack on a vessel and subsequent U.S. strikes, with little crude oil being transported through the critical waterway. In response, Dubai on the UAE's east coast to bypass the Strait, signaling a significant shift due to the U.S.-Iran conflict. The United Arab Emirates by 80% in June after exiting OPEC to escape production quotas. Meanwhile, U.S. natural gas futures amid cooler weather forecasts and anticipated drops in exports due to maintenance at Freeport LNG. China's role as the largest oil importer over prices, potentially influencing OPEC's market sway.

Tech and IPO Markets Face Headwinds

Wall Street tech stocks declined following a downturn in Asian chipmakers. In London, the revival of the IPO market faces a setback as several companies, including Waterstones Booksellers and Sum Up Payments, are reportedly considering delaying their listings until 2027. Michael Saylor’s Strategy Inc. raised cash to approximately $3 billion through a stock sale, while refraining from Bitcoin transactions.

Infrastructure and Financial Services Deals Announced

Williams secured $5.34 from a Blackstone-led group, with the partners receiving a 49% noncontrolling equity interest in five power-infrastructure projects. Financial regulators in the U.S. are seeking to discourage loans to undocumented immigrants, urging banks to assess the associated risks.

Commodity Prices Show Mixed Trends

De Beers halted output at a South African diamond mine due to weak prices and intensifying competition from lab-grown stones. Cocoa demand is, suggesting a fragile recovery as supply concerns push bean prices higher and threaten sustained chocolate price increases.

SpaceX Eyes Next Starship Test Flight

SpaceX plans Starship for later this week, following a delay caused by a mishap that prompted the FAA to require further review.