Iran Attacks US Bases; US and Saudi Arabia Strike Tehran-backed Militias in Iraq
Iran attacked US bases overnight, prompting US and Saudi Arabian strikes on Tehran-backed militias in Iraq, abruptly ending a week-long diplomatic ceasefire. This escalation reversed earlier gains from the peace pause, which had driven down energy prices. US stocks rose modestly as investors awaited the Federal Reserve's interest rate decision and earnings reports from major AI-focused companies.
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Iran Attacks US Bases; Fed Call & AI Earnings Loom | The Opening Trade 7/29/2026
Iran attacked US bases overnight, prompting US and Saudi Arabian strikes on Tehran-backed militias in Iraq, abruptly ending a week-long diplomatic ceasefire. This escalation reversed earlier gains from the peace pause, which had driven down energy prices. US stocks rose modestly as investors awaited the Federal Reserve's interest rate decision and earnings reports from major AI-focused companies.
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