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On 8 July 2026 Washington struck over 80 Iranian sites and scrapped a temporary sanctions waiver following alleged Iranian hits on three vessels in the Strait of Hormuz, driving Brent crude back above $76 after weeks of decline.
On 7 July 2026 Washington revoked the general license that had let buyers legally lift Iranian crude hours after three commercial tankers were hit near the Strait of Hormuz, sending Brent up more than 5 % in after-hours trade and jolting a market that had just pivoted toward oversupply fears.
Toyota will pour $3.6 billion into a second assembly line at its San Antonio plant, relocating the bulk of Tacoma pickup output from Mexico to Texas by 2030 and hiring 2,000 additional workers.
On 4–6 July 2026 the U.S. government activated the new “Trump Accounts,” automatically depositing $1,000 into eligible children’s investment accounts while unveiling more than $8 billion in private pledges and unprecedented Wall Street fanfare from the Oval Office.
On 6 July 2026, SK Hynix formally opened a Nasdaq American Depositary Receipt sale worth 43 trn won (≈$28 bn), the world’s second-largest equity offering since SpaceX’s June IPO, marking the Korean firm’s first U.S. listing.
On 6 July 2026 Microsoft revealed a plan to eliminate 3,200 Xbox positions (20 % of the division) and divest or sell five studios, with 1,600 layoffs executed immediately and the rest by June 2027.
On 6 July 2026 EasyJet’s directors said they will recommend a £5.5 billion cash takeover from U.S. investor Castlelake—its fifth bid—pending a firm offer by 3 August.
Iran signalled the end of the 60-day free-pass cease-fire clause by announcing in Beijing on 5–6 July 2026 that all ships using the Strait of Hormuz will soon pay newly-created security and environmental “service fees,” though nations that backed Tehran during the recent conflict could pay less or nothing.
On 6 July 2026 seven core OPEC+ members formally approved lifting their August production ceiling by 188,000 barrels a day, continuing the rollback of war-time cuts and sending Brent and WTI down nearly 1 %.
Seven OPEC+ heavyweights voted online to add 188,000 barrels per day to their joint August 2026 production target, accelerating the rollback of 2023 wartime cuts now that traffic through the Strait of Hormuz is partially restored.
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