Oil Plunges on Iran Ceasefire Talk, AMD Lands Microsoft for New AI Chip

Oil prices reverse sharply on reports of a proposed U.S.-Iran ceasefire, sparking a stock rebound ahead of earnings season. Plus, AMD launches its Helios AI rack system with Microsoft as its first big customer, and Canada's inflation cools to 2.8% in June. In this episode: • Oil prices reverse sharply on reports of a proposed 10-day cease-fire between the U.S. and Iran — https://www.cnbc.com/2026/07/20/oil-prices-today-brent-wti-crude-us-iran-centcom-hormuz.html • AMD launches Helios AI rack system to challenge Nvidia, securing Microsoft as its flagship customer — https://www.cnbc.com/2026/07/20/amd-helios-microsoft-ai-nvidia.html • Canada's annual inflation rate cools more than expected to 2.8% in June — https://news.google.com/rss/articles/CBMiZ0FVX3lxTE9LVkxvQ1JkczZHT0hRREdKbmtOYzZ0aDluQ0FwMTFacWR5Rjlpdy12b3Nnd2t1NzYweHJseVNxU051VldiU0lJekpEZ0VRUnZHV3poM1pqcWRfR2FRNlRkSlB2bUhoaHM?oc=5