What is the current status of the U.S.-Iran conflict as described in the article, and what are its immediate market implications?

The U.S.-Iran conflict has entered its eleventh day with no end in sight, marked by U.S. forces striking Iranian military targets for the 11th straight night; this escalation has driven Brent crude oil prices toward $95 per barrel — a six-week high — intensified fears of supply disruptions, triggered U-turns by three Saudi oil tankers in the Red Sea, and contributed to rising bond yields, oil prices, and chip stocks moving in sync overnight.

Why is the Japanese yen weakening sharply, and what official response is anticipated?

The yen is sliding to its weakest level in 40 years — above 163 per dollar — reflecting both a fresh surge in crude oil prices (a major inflationary risk for Japan as a large oil importer) and the resumption of U.S. tariff threats; in response, Japanese Finance Minister Katayama warned again on Wednesday of potential official intervention to support the yen.

Morning Bid: Alphabetting

Jul 22, 2026

Global markets reacted to rising oil prices near $95 per barrel amid U.S.-Iran tensions, while investors await earnings from Alphabet and Tesla. Analysts predict crude could hit $120/bbl if the Gulf conflict persists, impacting winter fuel storage.

reuters

2026-07-22

Morning Bid: Alphabetting

2026-07-22

US Stock Futures Slip on Alphabet, Oil Advances: Markets Wrap

Morning Bid: Alphabetting

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