Morning Edition · Monday, July 13, 2026
Markets
Oil Jumps About 4 Percent and Asian Equities Sell Off as US-Iran Strikes Resume
Brent crude returned to roughly 79 dollars a barrel while South Korea's KOSPI fell close to 6.9 percent and India's Sensex dropped about 700 points.
Geopolitics
US Declares a Naval Blockade of Iran and a 20% Toll on Hormuz Shipping, Escalating the War
Washington says the blockade of Iran's ports begins Tuesday and demands a 20% fee on cargo transiting the Strait of Hormuz. Tehran and the United Nations maritime agency reject US authority over the waterway, and both Washington and Tehran claim to be its guardian.
Crypto
Bitcoin Holds Near 63,800 Dollars While Oil, Gold, Stocks and Bonds Swing on the Strikes
The largest cryptocurrency barely moved through a session that repriced almost every other asset class, an unusual break from its recent tendency to track risk markets.
World
Ship Traffic Through the Strait of Hormuz Falls as US and Iran Contest the Gulf
Vessel transits have dropped sharply from the levels reached after June's truce, leaving shipowners to choose between costly delays and dangerous passage.
Geopolitics
Ukraine Sends More Than 350 Drones Toward Moscow as Russia Strikes Odesa's Ports
Moscow's mayor said most of the drones were downed on distant approaches while Russia's military reported hitting port and defense-industry targets in Ukraine's south.
Markets
Nippon Paint Offers 8.6 Billion Dollars for Akzo Nobel's Coatings Business
Akzo Nobel's board rejected the bid as too low and reaffirmed its planned merger with Axalta Coating Systems, while Nippon Paint's Tokyo-listed shares fell as much as 3.4 percent.
Tech
Wall Street Banks Collect Large Fees From the SpaceX Listing and a Wave of Mega-Mergers
Top US banks are benefiting from a revival of big deals and public offerings driven by optimism about artificial intelligence and resilient consumer spending.
Tech
DoorDash, Siemens and Airbnb Turn to Chinese AI Models to Cut Costs
Companies seeking to curb rising bills and reduce dependence on American technology are adopting cheaper models from Chinese developers.
World
Zelensky Reshuffles Ukraine's Cabinet With Winter Energy Supply in Focus
The Ukrainian president's government overhaul aims to avoid a repeat of last winter's hardship as Russian strikes continue to target the power grid.
Geopolitics
China Singles Out Japan Over a 14-Nation Statement on the South China Sea
Beijing objected after Tokyo joined others marking the tenth anniversary of an international tribunal ruling that rejected China's expansive claims to the waterway.
World
Indonesia Rolls Out B50 Biodiesel and E5 Ethanol Mandates to Cut Fuel Imports
President Prabowo Subianto's government presents the nationwide blending programs as a step toward energy self-sufficiency and away from imported crude.
Macro
European Business Leader Warns the Bloc Is 'Doomed' Without a Working Single Market
The new head of the employers' group BusinessEurope urged faster integration, arguing that without hope for the future the continent's politics will deteriorate.