This Week's Market Wrap: Oil Shocks, AI Volatility, And A Resilient Economy

2026-07-10 23:30:00 ET

By Ryan J. Puplava

Hormuz Reignites Inflation Trade

Geopolitical risk returned as a major market catalyst this week after attacks on commercial ships in the Strait of Hormuz led the United States to reinstate sanctions on Iranian oil sales and launch retaliatory strikes against Iranian targets. President Trump subsequently declared that the interim ceasefire was effectively over, although later comments and reports of additional negotiations helped prevent the confrontation from escalating into a full-scale market panic....

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