Tanker traffic through the strait ground to a halt again within hours of Trump’s announcement. | The blockade risks drawing ire from countries buying Iranian oil, including China and India. | Analysts said the blockade could be a negotiating tactic, but warned of the risk of escalation and legal challenges.

Today we dive into what’s happened over the past 12 hours and what comes next. Plus, a new recession indicator and a look at how health insurance companies are under fire.

Annex Wealth Management chief economic strategist Brian Jacobsen outlines the top reasons he’s bullish on the financials sector lately.

Wall Street traders parsing geopolitical headlines kept a lid on stocks and bonds, with oil jumping as a move from rich nations to deploy reserves was considered just a reprieve amid the war in Iran.

As uncertainty continues about how long the Trump administration may continue its attacks on Iran and what the fallout from the Iran war could entail, the markets bounced higher Monday after days spent in a broad sell-off.

Stocks fell on Friday, closing out a week of turbulence on Wall Street marked by signs that the U.S. labor market is weakening and mounting concerns about the economic impact of the war in Iran.

Brian Jacobsen, chief economic strategist at Annex Wealth Management discusses the impact of oil price fluctuations on emerging markets. He also highlights China’s sensitivity to oil prices, noting that 38% of oil that is shipped through the Strait of Hormuz is headed to China.

U.S. stocks steadied on Friday after an encouraging update on inflation helped calm a Wall Street that’s been wracked by worries about how artificial-intelligence technology may upend the business world. The S&P 500 barely budged, a day after it had tumbled to one of its worst losses since Thanksgiving. The Dow Jones Industrial Average rose 0.1%, while the Nasdaq composite slipped 0.2%. Stocks got some help from easing Treasury yields, which fell after a report showed inflation slowed more than expected in January.

In The News | February 11, 2026 Yahoo Finance The January jobs report saw the US labor market grow by 130,000 nonfarm payroll jobs last month, far surpassing economists' forecasts of 65,000. Annex Wealth Management chief economist and strategist Brian Jacobsen sits...

Jan 21 (Reuters) - JPMorgan Chase (JPM.N), opens new tab CEO ​Jamie Dimon warned on Wednesday that a proposal to cap credit card interest rates would amount to economic disaster, while U.S. President Donald Trump doubled ‌down on the idea and said he was asking...