Trump’s Hormuz Blockade Sends Oil Soaring; Samsung Explores US ADR Listing | The Pulse 7/14/2026

Brent crude rose above $85 a barrel for the first time in a month after President Donald Trump reinstated the US blockade of Iranian ships transiting the Strait of Hormuz and demanded a 20% reimbursement for all other cargo shipped through the waterway.

Bloomberg has learned Samsung is in the early stages of exploring a potential offering of American depositary receipts. Sources say the company has held preliminary discussions with banks, but hasn’t yet made a decision about whether to proceed.

Five major Wall Street banks report later today, kicking off earnings season with a bang. A global surge in deals and IPOs is expected to drive blockbuster results, as volatility from the ongoing US-Iran conflict fuels equity-trading revenues.

Today’s guests: George Saravelos, Deutsche Bank Global Head of FX Research; Bruna Skarica, Morgan Stanley Chief UK Economist

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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:37 – US, Iran resumes strikes as Trump reinstates blockade
00:03:40 – Fed rate-hike bets mount before US CPI, Warsh testimony
00:04:22 – George Saravelos, Deutsche Bank Global Head of FX Research
00:15:07 – US big banks to report results today
00:23:50 – Tuesday headlines
00:24:17 – Fed rate-hike bets mount before US CPI, Warsh testimony
00:27:18 – UK Eco roundtable: Morgan Stanley’s Bruna Skarica & Bloomberg’s Philip ALdrick
00:37:12 – Top UK Rolex seller climbs on takeover report
00:39:55 – British retailers get boost from World cup, sunny weather
00:41:49 – EU fails to adopt Russian sanctions and freeze oil cap
00:45:01 – Trump to back Graham Russia sanctions bill
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