Top U.S. Stories

  • Iran’s Islamic Revolutionary Guard Corps fired at least two missiles at commercial vessels in the Strait of Hormuz on Tuesday, hitting a Qatari-flagged LNG tanker that caught fire off the coast of Oman and a Saudi-flagged crude tanker, British military officials said. Qatar said it holds Iran “fully legally responsible” for the attack (NPR, Al Jazeera).
  • U.S. Central Command said it launched a new wave of “powerful strikes” against Iran late Tuesday in response to the tanker attacks, shattering the fragile détente between Washington and Tehran that had been in place since a ceasefire ended a three-month war in late June. President Trump said the U.S. is “going to win one way or the other” (Washington Post, CBS News).
  • Trump arrived at the NATO summit in Ankara, Turkey, frustrated with European allies over their refusal to back a U.S. military campaign against Iran dubbed “Operation Epic Fury,” as the Iran crisis overshadowed the alliance’s talks on Ukraine and defense spending (Fox News).
  • China announced it launched a submarine-based ballistic missile into the Pacific Ocean ahead of the NATO summit, a rare display of sea-based nuclear capability that comes as Pacific allies deepen defense ties (Fox News).
  • A Manhattan high-rise was evacuated after city officials found buckling columns and warned of a potential collapse; the Department of Buildings is investigating the cause (Fox News).
  • Tyler Robinson, accused of assassinating Charlie Kirk, appeared at a preliminary hearing and came face to face with Kirk’s family for the first time (Fox News).

Markets

Oil prices surged more than 5% after the Hormuz tanker attacks and reports that the U.S. Treasury is moving to revoke the license permitting Iranian oil sales. WTI crude climbed above $72 a barrel and Brent topped $76, reversing the prior day’s oversupply-driven declines (Yahoo Finance). U.S. stocks fell Tuesday as Samsung’s earnings and reports that China’s DeepSeek is developing its own AI chip triggered renewed selling in semiconductors; the Dow Jones Industrial Average dropped 130.76 points (-0.25%) to 52,925.15, the S&P 500 slid 0.45% to 7,503.85, and the Nasdaq Composite fell 1.16% to 25,818.69 (TheStreet). The dollar traded around 162.05-162.15 yen in New York trading as rising oil prices pushed long-term Treasury yields higher (Nikkei/Zaikei). In Tokyo, the Nikkei 225 tumbled 1,480.73 points to close at 68,256.96 as the global chip sell-off spread to Tokyo Electron, Kioxia, SoftBank Group, and Advantest (NHK).

Stocks in Focus

  • Semiconductor and AI names (Tokyo Electron, Kioxia, Advantest, SoftBank Group): Even though Samsung’s quarterly earnings beat expectations, investors treated the results as a “sell the news” event, and the resulting slide in Korean chip stocks spilled over into Tokyo, dragging the Nikkei down sharply (Zaikei).
  • Oil and energy: WTI and Brent both jumped more than 5% on the Hormuz attacks and the prospective U.S. move to tighten Iranian oil export rules, a tailwind for energy shares but a cost headwind for shipping and materials companies (Yahoo Finance).

This is not investment advice; nothing here is a recommendation to buy or sell any security.

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