Oil Rises as US, Iran Dispute Whether Hormuz is Open; Big Week in Markets | Bloomberg Brief 07/13/26

Oil gains after the US and Iran trade fresh strikes. The two sides are issuing conflicting declarations whether the Strait of Hormuz is open. Investors prepare for Federal Reserve Chair Kevin Warsh's testimony on Capitol Hill this week along with CPI and Wall Street earnings. Thierry Wizman of Macquarie looks ahead to the busy week. (Source: Bloomberg)