Live Updates

21

Jul 2026
Trump Threatens Retaliation Against Iran as Dollar Firms and Oil Risks Mount Amid Hormuz Tensions

Trump vows Iran will repay any US troop killing “many times over,” jolting markets, boosting dollar, oil-hedge demand.

21

Jul 2026
Gilt Yields Top 5% as Burnham Cabinet Shake-up and Fiscal Plans Rattle UK Markets

UK gilt yields surged above 5% after Reeves ouster; Burnham’s £24bn plans hit sterling, equities hard.

20

Jul 2026
US shares edge higher on Iran diplomacy hopes as markets price Fed hike risk and oil-led inflation pressure

Stocks rose on diplomacy hopes, but bonds price higher rates; inflation risks threaten correction before July Fed.

20

Jul 2026
Reeves Resignation Lifts Gilt Yields and Pressures Sterling as Burnham Faces Fiscal Credibility Test

Reeves resigns in Burnham reshuffle, leaving Treasury vacancy; gilt yields hit 5.05%, sterling weak, volatility hedges advised.

20

Jul 2026
Brent Jumps 12% as US-Iran Tensions Lift Risk Premium and Tighten Refining Margins

Brent jumped 12% on US-Iran tensions; Hormuz crude flows rose, crack spreads widened; traders favor options.

20

Jul 2026
EUR/USD Retreats as Middle East Headlines Spur Dollar Demand, Oil Rallies and Volatility Rises

EUR/USD dipped as Middle East headlines whipsawed risk sentiment; oil surged, boosting volatility and hedging demand.

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