GEOPOLITICS | Hormuz Attacks Escalate as Bond Yields Hit 2008 High

US equity futures and global bonds fell as higher oil prices stoked inflation concerns and bets that central banks will raise interest rates in September, according to Bloomberg. Two oil supertankers were struck by projectiles while trying to leave the Strait of Hormuz. US Army Secretary Dan Driscoll resigned after clashing with Defense Secretary Hegseth. Anthropic agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia. Wei Li of BlackRock discussed risks and income opportunities in the fixed-income market.