Markets Weekly Notes
Jul 6 – Jul 12 · 2026-W28
1 event this week
⚡⚡⚡ SUPERWEEK Compliance
⚡⚡ Hormuz crisis reignites Markets
⚡⚡ Iceberg named industry standard + Lakestream validated Data Engineering
🧠 Feynman Takeaway
Iran attacked 3 commercial vessels in the Strait of Hormuz (Jul 7). US retaliatory strikes (Jul 8). Trump declared the ceasefire over. Oil rebounded from $71 to $78+.
Hormuz Crisis Reignites: Oil Surges from $71 to $78+
In plain English
The US-Iran ceasefire collapsed. Iran attacked 3 commercial vessels in the Strait of Hormuz. The US launched retaliatory strikes. President Trump declared the ceasefire 'over.' Oil surged from ~$71 to $78+ in 48 hours. The geopolitical premium returned with a vengeance.
Analogy
The brief peace was like a cease-fire that lasted just long enough for everyone to catch their breath before the next punch. Oil traders who thought the crisis was over got a brutal reminder: Hormuz is never 'safe.'
Why it matters
This renewed volatility set the stage for the July 22 oil surge to $95+. The Hormuz crisis had a playbook now: ceasefire → spike → collapse → ceasefire collapse → spike again.