Lending News Today — July 21, 2026

Geopolitical tensions in the Middle East are having a ripple effect on global markets, particularly in the energy sector. The resumption of hostilities in the region has raised concerns about potential disruptions to oil supplies, with Goldman Sachs warning that oil prices could surpass $120 per barrel if the situation in the Strait of Hormuz doesn't improve. This has contributed to rising gasoline prices, which are increasing at a faster rate than oil prices due to the so-called "crack spread," a measure of refining profitability.

The impact of these tensions is being felt beyond the energy sector, with various industries and companies reacting to the changing landscape. For instance, defense-related stocks are seeing significant moves, such as Archer's 18% surge after unveiling a military craft in partnership with Anduril. Meanwhile, other sectors are dealing with their own challenges, including entertainment giants Paramount and Warner Bros., which have been hit with a temporary restraining order related to their proposed merger. As the situation in the Middle East continues to unfold, market participants will be keeping a close eye on developments that could have far-reaching implications for various industries.

Today's signal:
• Oil prices could surpass $120 per barrel if disruptions in Strait of Hormuz don’t ease, says Goldman Sachs (marketwatch.com)
• Iran War update: Five things to know after the resumption of hostilities (cnbc.com)
• Why are gasoline prices rising faster than oil prices? Blame it on the ‘crack.’ (marketwatch.com)
• It’s getting easier for terminally ill people to end their own lives. What to know as laws change. (marketwatch.com)
• Paramount and Warner Bros. merger hit with temporary restraining order (cnbc.com)
• Archer stock rips 18% higher as company unveils military craft with Anduril (cnbc.com)