The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day. (The Bank of England monetary policy committee members could be cautious in the coming months due to rising oil prices, Barclays analysts say. "BOE Members Could Signal Possible Rate Rise as Oil Prices Climb -- Market Talk," at 1109 GMT, incorrectly said that Barclays analysts expected the BOE could signal a preference for a rate increase in the coming months given rising oil prices. The corrected version follows.) 1109 GMT - The Bank of England monetary policy committee members could exercise caution in the coming months as oil prices rise, Barclays analysts say in a note. The analysts expect the BOE to keep interest rates on hold at 3.75%. The U.S. struck Iranian targets over the weekend and Iran launched strikes on ships passing through the Strait of Hormuz. "We think the increased tensions in the Middle East and rise in oil prices this week will keep the risk of a further inflationary impulse forefront in the minds of MPC members," they say. (miriam.mukuru@wsj.com)

1156 ET - Dollar General's outlook could be conservative given a recent downturn in gas prices, JP Morgan analysts say in a note after meeting with the company's management. The discount retailer's full-year outlook for same-store sales growth of 2.2% to 2.7% assumes low-income consumers will continue to come under pressure from high gas prices, and increasingly shift toward $1 items, the analysts say. However, lower gas prices could provide additional dollars for those consumers to spend during the summer, and potentially for another one to two quarters out, the analysts say. That trend would provide upside to both the company's outlook and Wall Street's estimates, the analysts say. Shares rise 4.4%. (kelly.cloonan@wsj.com)

1147 ET - The situation in Iran is precarious and could escalate following the collapse of Trump's ceasefire, meaning prices for consumer goods could remain elevated for longer than expected JPMorgan analysts Richard Shane and Hong Zhang say in a research note. Any price change could lag the decline in underlying oil prices. And the resumption of fighting reintroduces a risk of energy price spikes that would squeeze lower- and middle-income consumers most acutely, the analysts say. They believe the full impact of these geopolitical shocks on the real economy has yet to be realized. Two forces compounding the geopolitical risk is a cooling labor market and an upward shifting rate outlook, the analysts say. (dean.seal@wsj.com)

1102 ET - Oil futures extend gains as President Trump says the U.S. is reinstating its blockade of ships in and out of Iran while protecting other vessels through the Strait of Hormuz. He says the U.S. will charge 20% of the value of all cargo shipped to cover the cost of providing safety. The U.S. and Iran stepped up strikes over the weekend, including Iranian attacks on vessels crossing on the Omani side of the waterway.WTI is up 4.5% at $74.64 a barrel and Brent rises 4.4% to $79.38. (anthony.harrup@wsj.com)

0954 ET - Companies could continue to exercise prudence in their borrowing, maintaining relatively low debt levels due to geopolitical concerns, Societe Generale's Juan Valencia says in a note. Middle East tensions are likely to limit companies from issuing high levels of debt, he says. As a result, credit spreads are expected to remain tight, "supported by very healthy corporate fundamentals and a very strong bid for the asset class," Valencia says. (miriam.mukuru@wsj.com)

0953 ET - The Norwegian krone has room to strengthen on the prospect of higher oil prices and the Norges Bank raising interest rates later this year, ING analysts say in a note. Oil prices are at risk of rising in the short term regardless of fresh U.S.-Iran tensions while the Norges Bank could raise rates in either August or September to 4.50% from 4.25% currently, they say. Moreover, the Federal Reserve could refrain from raising rates this year which should help the krone by improving overall foreign exchange liquidity, they say. The euro trades flat at 11.1576 krone and ING expects it to fall to 10.70 in 12 months. (renae.dyer@wsj.com)

0947 ET - U.S. natural gas futures continue their slide as weather forecasts are revised cooler and exports are seen falling on maintenance at Freeport LNG. "We are searching for a new area of support," Gary Cunningham of Tradition Energy says in a note. Power-sector demand will start the week lower with heat in the south dissipating and Texas even trending toward cooler than normal for mid-July, he says. Still, "at some point soon we should see some recovery as short sellers take some profit and give us a small bounce and prices firm." Nymex natural gas is down 2.9% at $2.854/mmBtu.(anthony.harrup@wsj.com)

0946 ET - The Swiss National Bank could continue to emphasize its willingness for interventions to prevent the franc from rising, Rabobank's Jane Foley says in a note. While the franc is softer versus the dollar and the euro relative to the start of the Iran war, the SNB is "unlikely to sit back and relax" with interventions remaining a risk, she says. Nevertheless, the dollar has been the preferred safe-haven currency during the war while European Central Bank has raised interest rates, providing some relief to the SNB. The dollar rises 0.2% to 0.8099 francs, having reached a 12-day high of 0.8108 overnight, LSEG data show. The euro rises 0.3% to 0.9251 francs after earlier hitting a three-week high of 0.9258. (renae.dyer@wsj.com)

0857 ET - Yields on 10-year U.K. government bonds, or gilts, could trade in narrow ranges around 4.80% in the near term, J.P. Morgan analysts say in a note. The risk of a significant selloff in gilts looks limited due to the lack of a catalyst, the analysts say. Political concerns appear contained for now as Andy Burnham is widely expected to be appointed the new U.K. prime minister on July 20, they say. Ten-year gilt yields rise 5.2 basis points to last trade at 4.935% due to rising oil prices, Tradeweb data show. (miriam.mukuru@wsj.com)

0847 ET - Oil futures start the week higher after the U.S. and Iran increased their strikes at the weekend, reducing vessel passage through the Strait of Hormuz. WTI is up 4% at $74.27 a barrel and Brent is up 4.1% at $79.10. "What the market is pricing is not the strikes themselves but the damage to diplomacy," Anindya Banerjee of Kotak Neo says in a note. While every fresh exchange delays normalization of tanker traffic through the strait, both the U.S. and Iran have incentives to contain the situation, he says. "Washington wants oil cheap ahead of its midterm elections and Tehran wants sanctions relief, and Qatari mediation remains active--so our base case is a contained conflict rather than a full re-closure." (anthony.harrup@wsj.com)

0729 ET - Bitcoin falls as U.S. stock futures decline amid renewed weakness in artificial intelligence stocks and a new round of attacks between the U.S. and Iran. "A late rally for cryptocurrencies last week has failed to push on into the new week, a reflection of broader risk-off concerns in global markets," IG analyst Chris Turner says in a note. Crypto markets faces a repeat of May's selloff if the positive momentum over the past two weeks fades, he says. A full-blown resumption of hostilities in the Middle East wouldn't help matters, he says. Bitcoin falls 1.7% to $63,049, LSEG data show. (renae.dyer@wsj.com)

0727 ET - The cost of insuring Bahrain's and Egypt's sovereign debt against default climbs as Middle East hostilities flare up. The U.S. and Iran resumed attacks in the Middle East, raising concerns about renewed conflict in the region and causing investors to exercise caution. Bahrain's five-year sovereign credit default swaps rise 1 basis point to 271bps, S&P Global Market Intelligence data show. Egypt's five-year sovereign CDS costs climb 3bps to 280bps. (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

July 13, 2026 12:00 ET (16:00 GMT)

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