Morning Edition · Friday, July 10, 2026
Markets
US and Iran Resume Strikes as Hormuz Traffic Falls, but Oil Holds Steady
Shipping through the strait that carries about a fifth of the world's seaborne crude dropped sharply overnight, and Brent barely moved.
Crypto
Bitcoin Trades Near $64,000 as Chip Rally and Yen Strength Lift Crypto
The token is up about 4.2% over a week that included an oil shock, a bond selloff and two rounds of US strikes on Iran, but it is lagging in yen terms.
Macro
Yen Strengthens After Tokyo Urges Pension Funds to Invest at Home
Japanese producer prices rose 7.1% in June from a year earlier, adding pressure on the Bank of Japan.
Tech
OpenAI and Google Supplied AI Models to Blacklisted Chinese Groups, FT Reports
The American firms sold services to Singapore-based subsidiaries of Alibaba, Baidu and Tencent, companies under US restrictions.
Tech
Tencent Leads Deal to Unwind Meta's $2 Billion Manus Acquisition
The Chinese group is set to become the largest shareholder in the AI agent start-up after Beijing ordered a reversal of the US takeover.
Markets
Indian Stocks Rally as TCS Earnings Lift Sensex by About 800 Points
The Nifty index rose above 24,200 on strong first-quarter results from Tata Consultancy Services and easing market volatility.
Markets
UBS Advised Clients to Cut a Private Credit Fund It Helped Build
The bank's advice contributed to an exodus from a Blue Owl private credit vehicle, exposing the sector's liquidity strains.
Geopolitics
NATO Summit in Ankara Ends With Relief After Months of US Strain
The alliance emerged from talks strained by Trump's push to take Greenland from Denmark and by divisions over the Iran war.
World
Iran Buries Ayatollah Khamenei Months After He Was Killed in the War
The flag-covered coffin was carried into the shrine of Imam Reza in Mashhad as fresh fighting with the United States erupted.
Geopolitics
Israel Told Washington of Iranian Talk of an Attack on Trump, Officials Say
US officials described a single piece of intelligence about a general discussion in Tehran, not a detailed plot.
Markets
Israeli Arms Makers Win Orders From Argentina to Sweden as Rearmament Spreads
IWI will supply about 1,000 rifles to Argentina's army and a Rafael subsidiary won a contract worth more than $400 million in Sweden.
World
Quake-Hit Venezuela Faces Health Threats as Survivors Crowd Shelters
The Americas branch of the World Health Organization warned of disease outbreaks, poor sanitation and disrupted medical care.