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Last updated: July 12, 2026, 11:30 PM ET

Geopolitical Tensions Stoke Market Volatility

Oil prices surged Monday amid escalating exchanges between the U.S. and Iran, with traders fearing further disruption to crude flows through the Strait of Hormuz. U.S. Central Command confirmed it against Iran at 5 p.m. ET to degrade their ability to attack commercial ships. The renewed tensions to their highest level in over 16 months, fueling speculation of tighter Federal Reserve policy. Foreign funds’ bearish contracts on Indian markets, with the Mideast flareup adding to existing concerns. The Philippine peso’s rally is likely to be short-lived as seasonal selling pressures are expected to drive the currency to new lows.

Corporate Dealmaking and Tech Sector Activity

Nippon Paint Holdings Co. has offered $8.6 for Akzo Nobel NV’s decorative paints business. In the mining sector, Regis Resources said it for Vault Minerals, declining to pursue a merger that would exceed its thresholds. Meanwhile, tech giants are for artificial intelligence development, contributing to a significant influx of AI bonds that is testing investor appetite. SK Hynix Inc. shares declined in Seoul following its substantial U.S. debut, with analysts pointing to profit-taking and a shift to American depositary receipts. A potential obstacle has emerged for the $111 billion merger between Paramount and Warner Bros., as state attorneys general are reportedly preparing to file a lawsuit to halt the deal.

U.S. Trade and Regulatory Landscape

The U.S. Department of Agriculture estimates it will to 1.15 million metric tons for the 2026-2027 period. Separately, the Justice Department is investigating allegations against UAW President Shawn Fain, stemming from a federal monitor's report citing improper actions to benefit his fiancée. In other news, Senator Lindsey Graham, prompting a special Republican primary election on August 11 and a potential gubernatorial appointment to fill his term.