Insights

Weekly Market Commentary 10th July 2026

10 July 2026

This week the Middle East ceasefire fell apart. Iran attacked tankers in the Strait of Hormuz, the US answered with two days of strikes, and President Trump declared the truce over. Brent crude climbed towards $80, bonds fell and shares wobbled, yet the moves were modest by February’s standards. Markets have filed the flare-up under negotiating tactics, not a return to full war, and by Friday oil was handing gains back.