
Markets weigh Hormuz tensions as oil spikes and inflation data loom
U.S. stock futures were little changed as investors weigh Middle East tensions, higher oil prices and upcoming inflation data; Dow futures fell about 37 points while S&P and Nasdaq futures hovered near flat. Oil jumped over 5% on the Hormuz uncertainty, with WTI around $82 and Brent near $87–$88. Traders await the July CPI on Wednesday and the PPI on Thursday to gauge Fed policy after a weaker jobs report cooled rate-hike bets (roughly a 50% chance for September). In earnings, Cardinal Health and On Holdings are due Tuesday morning, with Cava Group, CoreWeave and Super Micro later; other highlights include Riot Platforms’ post-earnings move and a reported $9B Anthropic deal. Asian markets opened mixed as UBS suggested Chinese equities look attractive.








