Public Markets 3 Hours

Last updated: July 22, 2026, 2:30 PM ET

Energy Markets Brace for Supply Shocks

The global economy is facing an energy crisis on multiple fronts, with potential supply disruptions threatening roughly a quarter of the world's oil. Chokepoints at the Strait of Hormuz, Bab al-Mandeb, and the Black Sea are all under threat, exacerbating a growing global shortage of diesel fuel. US refiners are increasing production to near-record levels to meet demand, while Qatar Energy is preparing to extend force majeure on liquefied natural gas shipments into October, Prepares Extend.

Aerospace and Defense Sector Developments

Dassault Aviation SA is in discussions with French authorities regarding an alternative fighter jet project following the collapse of its collaboration with Airbus SE. The French aerospace company has also reported a significant slump in orders for the first half of the year, with no bookings for its Rafale fighter jet, though its Falcon business aircraft segment remained stable. Meanwhile, Donald Trump Jr.'s investment firm has reported extraordinary returns of 200% on investments in AI and defense technology.

Financial Markets Navigate Uncertainty

Gold futures settled 1.86% higher at $4146.90, marking a second consecutive session of gains, with silver also rising 2%. Bank of America Corp.'s trading desk recommends buying US momentum stocks, anticipating a potential 5% gain. However, market sentiment is being influenced by uncertainty surrounding the Federal Reserve's next rate move, with traders divided on whether an interest rate hike is imminent. Japan may need to shift its focus from currency support to managing government bond yields to achieve economic growth targets.

Corporate Dealmaking and Sector Insights

Paramount has secured EU approval for its $81 billion Warner Bros. deal, following concessions that appeased regulators. Aston Martin Lagonda Global Holdings Plc has raised £550 million ($736 in debt from HPS Investment Partners to enhance its liquidity. Easy Jet's bid for Apollo is facing scrutiny from the EU over airline ownership rules, causing the UK low-cost carrier's shares to slide. The Wall Street Journal also featured market talks on the Health Care, Energy & Utilities, Auto & Transport, and Tech, Media & Telecom sectors, Auto &.

Policy and Regulatory Landscape

House Republicans have linked their defense policy bill to President Trump's SAVE Act. The Trump administration is also expected to announce an agreement with Saudi Arabia on a civilian nuclear program, designed to prevent weapons development. The administration is reportedly pressuring some immigrants to self-deport by imposing fines of up to $1.8 million. In other news, states are making it more difficult for homeowners to save money with solar panels, reflecting changes in the grid and the increased need for home batteries.