Morning Edition · Monday, July 6, 2026
Macro
Global Investors Shift From Access to Scale in the Yuan, With Hong Kong as the Anchor
A survey of large institutions points to a slow, structural rebalancing of trade and reserves toward China's currency and regional blocs rather than a sudden break from the dollar.
Geopolitics
Iran Strikes Ships in the Strait of Hormuz as the US-Iran Truce Expires
Hours after a one-week de-escalation pact ran out, Iranian missiles hit two commercial vessels in the world's most important oil corridor, reversing weeks of calm and reviving the threat to global crude supply.
World
Millions Fill Tehran for Khamenei's Funeral as Iran Balances Mourning and Negotiation
The large state turnout for a leader killed in the war with Israel projects unity, even as Tehran keeps negotiating with Washington and oil prices remain low.
Geopolitics
NATO Meets in Ankara With Trump Pressing Spending and Turkey Center Stage
An alliance summit hosted by a wary partner tests transatlantic cohesion as Washington signals it wants Europe to carry more of its own defense.
Geopolitics
Russia and Ukraine Trade Heavy Strikes on the Eve of the NATO Summit
A large overnight barrage on Kyiv and hundreds of intercepted drones underline that the war is escalating even as diplomacy resumes.
Geopolitics
China Test-Fires a Submarine-Launched Missile Into the Pacific, Drawing Regional Protests
A rare strategic-missile test into a nuclear-free zone unsettles Australia, New Zealand, and Japan as Beijing calls it routine.
Crypto
Bitcoin Trades Near $63,000 as a Coinbase AI Blunder Tests Trust in Automated Finance
Digital assets weaken and sentiment turns fearful while gold holds firm, sharpening the contrast between the two kinds of hard money.
Markets
Bank of Israel Expected to Keep Cutting as Tel Aviv Property Stocks Rally
A postwar easing cycle lifts real estate shares even as a once-celebrated company in Israel's auto-technology sector seeks protection from creditors.
Macro
Russia's Central Bank Sends a Cautious Signal as the War Economy Strains
Policymakers disappoint markets hoping for clarity while state banks rely on lending to small businesses to keep activity going.
Geopolitics
Russia Accuses Britain of Planning a Ukrainian Strike on a Sevastopol Museum
Moscow's foreign-intelligence service says British specialists programmed the attack, an unverified claim that broadens the diplomatic dispute around the war.
World
Floods and a Dam Breach Across Asia Underline Climate-Driven Supply Risk
A reservoir failure in southern China, a deadly building collapse in Mumbai, and mourning in Japan show how weather shocks strike commodity-producing and financial hubs alike.
World
Wildfires and Heat Return to Southern Europe as Cooling Demand Climbs
A fast-spreading fire in France and a second British heat wave point to a seasonal energy and productivity cost markets now expect.
Markets
Oil Holds Near Pre-War Lows as Middle East Supply Fears Ease
Brent trades close to 70 dollars a barrel, down sharply from its wartime high, as truce hopes and returning barrels loosen the market.