Daily Briefing — July 12, 2026 | Strait of Hormuz Closure, Fed Report, and the AI Trade
Published: July 12, 2026
Duration: 18:29
A Sunday briefing covering a weekend of significant developments. Iran's Islamic Revolutionary Guard Corps has closed the Strait of Hormuz, prompting a U.S. military response and raising fresh questions about oil supply and inflation. We break down the market implications and what traders will be watching when oil futures open.
The Federal Reserve released its semiannual Monetary Policy Report, with Chair Kevin Warsh set to testify before Congress this week against a backdrop of rising inflation expectations and a market pricing in a potential rate hike. The European Central Bank held steady for the fifth consecutive...