War Escalates: Iran Hits US Bases, Russia Bans Diesel + SK Hynix IPO 7x Oversubscribed | July 9, 2026 – Morning Market Briefing

Andrew, Thomas, and Tom discuss the sharp Iran escalation with reports of a cruise missile impact on a nuclear power plant and missiles sent to Jordan following US strikes on 90 Iranian military targets, Russia's diesel export ban through July 31 sending US diesel up over 13% and London wholesale futures up 14% after Ukrainian drone strikes triggered Russia's worst fuel crisis since the Soviet collapse, the FOMC minutes noting broader tariff and AI-driven inflation, SK Hynix's US listing 7x oversubscribed at $24.5 billion, and China permitting local AI companies to buy Nvidia H200 chips for training.Join our live YouTube stream Monday through Friday at 8:30 AM EST:http://www.youtube.com/@TheMorningMarketBriefingPlease see disclosures:https://www.narwhal.com/disclosure