US strikes Iran, Tehran says Strait of Hormuz closed, Gulf states hit
Follow updates on the war in the Middle East for Friday, July 10, here. See earlier developments below.
Finance & markets
U.S. launches airstrikes against Iran after Tehran attacks container ship in Hormuz, Pentagon says
President Donald Trump ordered renewed airstrikes against Iran on Saturday after the Islamic Revolutionary Guard Corps attacked a commercial ship transiting the Strait of Hormuz, the U.S. military said in a statement.
Korea’s record-low stock valuations seen as opportunity amid AI earnings boom
“The trillion dollar threshold carries material weight beyond the symbolism,” said Dave Mazza, chief executive officer at Roundhill Investments in New York. “More broadly, it reflects a market judgment that memory’s rol…
Pizza chain closing up to 50 locations after years of declines
A major pizza chain is preparing to close dozens of restaurants once again as its parent company works to eliminate underperforming locations following what executives describe as a "challenging period" for the business.
Iran’s IRGC navy says Strait of Hormuz closed until further notice, state media reports
Iran's Islamic Revolutionary Guards Corps Navy posted a map showing alternative shipping routes in the Strait of Hormuz to help transiting ships avoid naval mines, the semi-official Iranian news agency ISNA said early o…
Iran closes Strait of Hormuz after vessel incident, escalating Gulf tensions
The U.S. has seized an Iranian-flagged cargo ship in the Strait of Hormuz after firing on its engine room, President Trump said in a post on social media.
Soybeans Posts Friday Strength as USDA Shows Better Than Expected Report
Soybeans closed the Friday session with contracts up fractionally in some deferred to as much as 16 ¾ cents. September closed the week with a 55 ½ cent rally, as November was up 43 cents. The cmdtyView national average …
Why Applied Optoelectronics (AAOI) Is Well Positioned to Capitalize on Hyperscale AI Networking Demand With Its Expanding Optical Order Backlog
Applied Optoelectronics, Inc. (NASDAQ:AAOI) is one of the best performing AI stocks over the last 3 years, with a 3Y CAGR of 144.7%.
Deutsche Bank shares three key points on the dollar’s long-term trajectory
2026 looks set to be another interesting year for Asian economies, with likely divergences in their respective policy and growth paths which can lead to a variety of market outcomes. We explore them in our 2026 Asia Out…
Florida man paid off his house 2 months before Hurricane Milton tore off his roof — and he had no home insurance
It might sound like the fate of a character in a fable, or a line from Alanis Morissette's famous 1990s hit "Ironic": Man pays off his house, then the roof blows off.
Sugar Prices Undercut by Weakness in Crude Oil
March NY world sugar #11 (SBH26) today is down -0.03 (-0.20%), and March London ICE white sugar #5 (SWH26) is down -1.40 (-0.33%).
US Postal Service raises stamp price to 82 cents
The U.S. Postal Service on Sunday will raise the price of a first-class Forever stamp from 78 cents to 82 cents, the latest in a series of increases aimed at stemming the agency's mounting financial losses.
Corn Rallying Out of Bull Friendly USDA Report
Corn futures are trading with 6 to 8 cent gains so far on Friday following friendlier then expected USDA data. There were 12 deliveries issued against July overnight. The CmdtyView national average Cash Corn price is 6 …
Wheat Rallying on Friday with Russian Rumors
The wheat complex is trading with double digit gains across most contracts on Friday. Chicago SRW contracts are trading with 19 to 23 1/2 cent gains at midday. There were 2 deliveries against CBT wheat overnight, with 5…
Crude Oil Weakness Spurs a Slump in Sugar Prices
Sugar prices fell sharply on Friday, with London sugar posting a 1.5-week low. Friday’s -1% fall in crude oil prices (CLQ26) weighed on sugar prices. Lower crude oil prices undercut ethanol prices and could persuade glo…
Corn Rallying Out of Bull Friendly USDA Report
Corn futures are trading with 6 to 8 cent gains so far on Friday following friendlier then expected USDA data. There were 12 deliveries issued against July overnight. The CmdtyView national average Cash Corn price is 6 …
Cotton Posting Friday Midday Gains
Cotton futures are showing 40 to 58 point gains across most contracts on Friday. Crude oil is down $1.00 on the day, with the US dollar index is down $0.066.
Stock Indexes Settle Higher as Geopolitical Risks Ease
The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.42%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.33%. September E-mini S&P futures (ESU26) r…
Big fast-food burger chain franchisee files Chapter 11 bankruptcy
A lender dispute over millions of dollars has led a Hardee's restaurant franchisee to file for bankruptcy to invoke an automatic stay of all legal actions against the debtor.
‘It’s heartbreaking’: My brother claimed Social Security at 70. He died from cancer after one payment. Why wait to claim?
By early December of last year, Susie Silvestri was no longer able to walk or speak.
Wheat Leads the Grains Rally on Friday
The wheat complex was in rally mode on Friday, closing with double digit strength across the three exchanges. Chicago SRW contracts was 15 ¼ to 20 ¾ cents in the green on the day, with nearby September up 40 ½ cents on …
M-tron (MPTI) Industries Secures $4M Defense Contract
M-tron Industries Inc. (NYSEAMERICAN:MPTI) is one of the best up and coming tech stocks to buy now. On June 30, M-tron announced that it secured $4 million in production contracts from a US Department of Defense contrac…
Typhoon Bavi makes landfall in eastern China’s Taizhou after nearly 2 million evacuated
Streets were largely deserted in Taiwan's port city of Keelung, which is expected to be one of the hardest hit areas on the island.
Robust Ivory Coast Cocoa Supplies Weigh on Prices
September ICE NY cocoa (CCU26) on Friday closed down -390 (-6.04%), and September ICE London cocoa #7 (CAU26) closed down -306 (-6.37%).