Global markets react to geopolitical tensions in the Middle East and mixed corporate earnings results driven by heavy AI investment.

Geopolitical risks in the Middle East have escalated, with Yemen's Houthis targeting oil tankers and Iran threatening retaliation against Gulf energy infrastructure if US strikes occur.

Iran and Oman have reached a formal agreement on a new transit route through the Strait of Hormuz to streamline maritime commerce.

Pakistan's trade deficit expanded by over 25% in July 2026 as the government adjusted fuel prices, raising petrol costs while lowering diesel.

Block reported strong earnings and credited a 40% workforce reduction and AI integration for faster, higher-quality product delivery.

Shares of SpaceX and Figma faced downward pressure as investors grew concerned over the massive capital expenditures required to sustain AI development.

Nvidia stock received a boost following an endorsement from Elon Musk, who stated SpaceX will utilize their chips exclusively for AI infrastructure.

Google stock dipped after the departure of chief scientist Jeff Dean, who is leaving the company to launch his own AI-focused venture.

Missouri voters rejected a ballot initiative to eliminate state income tax, setting the stage for significant upcoming tax-related referendums in Florida and California.

Logistics giant Prologis is moving forward with an $18.8 billion takeover of competitor Segro to expand its market footprint.

Lockheed Martin and Northrop Grumman have announced a partnership to replenish weapon stockpiles amid heightened global defense spending.