Trump Shelves Hormuz Fee After Gulf Pressure | Balance of Power 7/14/2026
After talks with Gulf partners, the White House shelved a plan to charge a fee for ships transiting the Strait of Hormuz. The reversal eases a near-term geopolitical risk for oil markets but raises questions about how U.S. strategy will be financed. Markets digested the move alongside major bank results, a softer CPI print and a steep sell-off in IBM.
Linked assets
TV — live Bloomberg coverage of the Washington developments and market reaction. IBM — shares plunged after preliminary Q2 sales missed expectations, weighing on the market and tech sentiment.
Trump Shelves Hormuz Fee After Gulf Pressure | Balance of Power 7/14/2026 Trump Shelves Hormuz Fee After Gulf Pressure | Balance of Power 7/14/2026 Bloomberg TV and radio. I'm Joe Matthew in Washington. trading all day. Uh, following major bank earnings before That's a drop of one tenth of 1%. IBM certainly weighing on the Dow. We've got IBM right now plunging by 24%. The Nasdaq Composite index up by 1%, the today. The VIX just above 16 and the ten year of WTI Brent just below 85 right now. Barrel of Brent crude up by 1.9%. Again, IBM shares they are plunging by 25% this after preliminary results and tenth of 1%. Bank earnings are front and center JPMorgan Chase shares are right now, JP Morgan chase up $6.29 to 340 82 for JPM. All right, Charlie, thank you so much. Stunning move in IBM. Still at this hour? We'll keep track on all of these stocks Thanks for being with us. We're live in Washington DC. encouragement here in the markets. Of course, watching and listening along point. No forward guidance was his mantra, and no forward guidance is what we got. Interesting, when we look at the tell you is they really can't affect the economy in a short run kind of fashion. wanted to call it. He calls it a reimbursement on shipments fact, in the Oval Office a short time ago, and apparently the phone was And he has chosen to pivot on this. Here's the president from a short time with trade and investment deals that the various Gulf states will be making into UAE, Qatar, Bahrain and Kuwait primarily, and then others. wall. And he says they did through trade considering the U.S. already has trade and investment deals I think this is largely returning to the operations that existed before the MOU Or are we actually sailing through the strait alongside them? operation ended up being relatively short. Uh, the president's notified Congress. So it's not only back before the MOU, We do check markets all day long here a Bloomberg oil hire Kevin Warsh goes to Capitol Hill IBM gets crushed CPI comes in cooler than estimated. All of this as investors digest a bank earnings. dropped there of one tenth of 1%. IBM weighing on the Dow right now IBM and the VIX just above 16. The ten year, 4.58%. WTI right now up by about 1.2%. Brent at 8456. Barrel of Brent up by 1.5%. Bank earnings front and center this morning JPMorgan Chase did report its highest quarterly profit ever as stock traders blew past analysts estimates. JP Morgan Chase up now by 1.8%, among Bank of America, up 1.9%. Goldman Sachs after earnings surging now tolls or, as he puts it, a reimbursement fees for the Strait. Here's the president. Listen, you have, uh, Saudi Arabia, UAE, Does FDI replaced the toll in the strait, and how do we quantify that in How, uh, and in these countries like UAE and and Qatar and Saudi Arabia, they've United States. Uh, through through trade deals. violation of international law. And then once he puts that out as a Uh, today, the first decline, uh, in CPI in a long time, Gini. It's had the votes a long time ago. He said. be a major selling point. Rick, what do you think about this? It's 140 on Wall Street. We do check markets all day long here at Bloomberg. The Dow lower S&P NASDAQ Nasdaq 100 gains in both stocks and bonds, easing concern about Eminem. tenth of 1%. IBM certainly weighing on the Dow today. IBM now down by 24.5%. S&P up 32 up by about 4/10 of 1%. All of this with the Sox gaining 3.1%. That of course, the Philadelphia Stock Exchange semiconductor index. The VIX, meanwhile, holding above 16 a WTI 7885 A barrel up 9/10 of 1%. Brent 8454 now up 1.5%. Corporate news. Uber in advanced negotiations to buy 2.1%. Rival Lyft down 3/10 of long percent bank earnings front and center today. Among some of the banks reporting this Bloomberg TV and radio and on YouTube. If you want to find a search Bloomberg earnings. And they are rather impressive here. As we officially kick off the earnings reporting season. down with the losses in IBM that are being essentially offset by Goldman a nice move. Goldman JP Morgan pointing higher after Uh, Norah Goldman beats stock trading records with $7.42 billion. Boone JP Morgan bags record profit, $6 billion stock trading haul. specifically in its stock trading unit. And when we think about revenue there, time record for any bank. And then JP Morgan, of course, reporting is the KBW Bank index up by about 6/10 of a percent. JP Morgan call suggesting this could continue. And I wondering what you're watching in the next couple of days as earnings I should really call it from IBM. Spooked a lot of people today, a lot of people spooked by the news that we got out of IBM, especially as we're thinking about the tech space more broadly. We saw that IBM did report some preliminary second quarter sales that fell short of expectations. their spending away from IBM's products and putting it into servers, storage, moves of IBM. But if you take a look on a larger of the session. The president's different position on WTI it's up about a little more than 1% to $79 a barrel to the penny. And it's good to have you back, Congressman, on Bloomberg TV and radio.
Trump Shelves Hormuz Fee After Gulf Pressure | Balance of Power 7/14/2026 Trump Shelves Hormuz Fee After Gulf Pressure | Balance of Power 7/14/2026 Bloomberg TV and radio. I'm Joe Matthew in Washington. trading all day. Uh, following major bank earnings before That's a drop of one tenth of 1%. IBM certainly weighing on the Dow. We've got IBM right now plunging by 24%. The Nasdaq Composite index up by 1%, the today. The VIX just above 16 and the ten year of WTI Brent just below 85 right now. Barrel of Brent crude up by 1.9%. Again, IBM shares they are plunging by 25% this after preliminary results and tenth of 1%. Bank earnings are front and center JPMorgan Chase shares are right now, JP Morgan chase up $6.29 to 340 82 for JPM. All right, Charlie, thank you so much. Stunning move in IBM. Still at this hour? We'll keep track on all of these stocks Thanks for being with us. We're live in Washington DC. encouragement here in the markets. Of course, watching and listening along point. No forward guidance was his mantra, and no forward guidance is what we got. Interesting, when we look at the tell you is they really can't affect the economy in a short run kind of fashion. wanted to call it. He calls it a reimbursement on shipments fact, in the Oval Office a short time ago, and apparently the phone was And he has chosen to pivot on this. Here's the president from a short time with trade and investment deals that the various Gulf states will be making into UAE, Qatar, Bahrain and Kuwait primarily, and then others. wall. And he says they did through trade considering the U.S. already has trade and investment deals I think this is largely returning to the operations that existed before the MOU Or are we actually sailing through the strait alongside them? operation ended up being relatively short. Uh, the president's notified Congress. So it's not only back before the MOU, We do check markets all day long here a Bloomberg oil hire Kevin Warsh goes to Capitol Hill IBM gets crushed CPI comes in cooler than estimated. All of this as investors digest a bank earnings. dropped there of one tenth of 1%. IBM weighing on the Dow right now IBM and the VIX just above 16. The ten year, 4.58%. WTI right now up by about 1.2%. Brent at 8456. Barrel of Brent up by 1.5%. Bank earnings front and center this morning JPMorgan Chase did report its highest quarterly profit ever as stock traders blew past analysts estimates. JP Morgan Chase up now by 1.8%, among Bank of America, up 1.9%. Goldman Sachs after earnings surging now tolls or, as he puts it, a reimbursement fees for the Strait. Here's the president. Listen, you have, uh, Saudi Arabia, UAE, Does FDI replaced the toll in the strait, and how do we quantify that in How, uh, and in these countries like UAE and and Qatar and Saudi Arabia, they've United States. Uh, through through trade deals. violation of international law. And then once he puts that out as a Uh, today, the first decline, uh, in CPI in a long time, Gini. It's had the votes a long time ago. He said. be a major selling point. Rick, what do you think about this? It's 140 on Wall Street. We do check markets all day long here at Bloomberg. The Dow lower S&P NASDAQ Nasdaq 100 gains in both stocks and bonds, easing concern about Eminem. tenth of 1%. IBM certainly weighing on the Dow today. IBM now down by 24.5%. S&P up 32 up by about 4/10 of 1%. All of this with the Sox gaining 3.1%. That of course, the Philadelphia Stock Exchange semiconductor index. The VIX, meanwhile, holding above 16 a WTI 7885 A barrel up 9/10 of 1%. Brent 8454 now up 1.5%. Corporate news. Uber in advanced negotiations to buy 2.1%. Rival Lyft down 3/10 of long percent bank earnings front and center today. Among some of the banks reporting this Bloomberg TV and radio and on YouTube. If you want to find a search Bloomberg earnings. And they are rather impressive here. As we officially kick off the earnings reporting season. down with the losses in IBM that are being essentially offset by Goldman a nice move. Goldman JP Morgan pointing higher after Uh, Norah Goldman beats stock trading records with $7.42 billion. Boone JP Morgan bags record profit, $6 billion stock trading haul. specifically in its stock trading unit. And when we think about revenue there, time record for any bank. And then JP Morgan, of course, reporting is the KBW Bank index up by about 6/10 of a percent. JP Morgan call suggesting this could continue. And I wondering what you're watching in the next couple of days as earnings I should really call it from IBM. Spooked a lot of people today, a lot of people spooked by the news that we got out of IBM, especially as we're thinking about the tech space more broadly. We saw that IBM did report some preliminary second quarter sales that fell short of expectations. their spending away from IBM's products and putting it into servers, storage, moves of IBM. But if you take a look on a larger of the session. The president's different position on WTI it's up about a little more than 1% to $79 a barrel to the penny. And it's good to have you back, Congressman, on Bloomberg TV and radio.
Source proof
Source proof: Strong source proof | 2 extracted claims | 2 directional assets | 1 supporting author | headline-like title review
Primary reporting and on-air coverage from Bloomberg's 'Balance of Power' (7/14/2026) provide contemporaneous accounts of the President's decision, comments from the Oval Office, and related market commentary. Supplementary Bloomberg segments track bank earnings, CPI data and industry-specific moves that contextualize market impact.
Discussion frames the current market as supported by “fabulous earnings momentum” (stronger than Oct 2022), while expressing skepticism toward the “higher-for-longer” rates narrative (viewing it as recessionary if true). Overall tone leans constructive on equities if earnings hold up; rates view implies potential upside for duration if higher-for-longer fades.
Transcript is fragmented, but the core takeaway is a geopolitical backdrop that could keep Middle East-related energy risk premia elevated ("energy volatility persists"). Mentions a US-UAE 2009 nuclear/MOU framework (IAEA inspections) and commentary attributed to Secretary of State Marco Rubio around ASEAN, implying skepticism about MOUs and a prolonged negotiation/instability timeline. Actionable angle: sustained oil/gas volatility rather than a single directional call.
The provided source text is truncated and contains no concrete, finance-relevant headlines, catalysts, or identifiable public companies/tickers. It mentions “the founder of the H3 project” without sufficient context to map to a tradable security.
Segment highlights: (1) Middle East strikes pause; continued Red Sea shipping attacks/blockade risk. (2) Interview with Nvidia CEO Jensen Huang on inclusive AI and rising competition from China’s AI research base. (3) Mentions “SpaceX Starship test flight since going public,” but SpaceX is not a plausibly tradable public equity; exclude as a tradable ticker.
The source discusses the White House Correspondents' Dinner (WHCD) returning after a spring delay and includes vague commentary that the impact on the dinner’s longevity is “TBD.” There is no market-relevant data, company-specific news, or tradable catalyst described.
Article snippet frames a policy debate in U.S. cities: increase housing supply (“build more”) vs rent freezes/rent control. It references GTIS (private real estate investor) and the notion that multifamily can trade at “half the replacement cost,” implying attractive entry points if new supply is constrained or financing is tight. Mentions a push to outlaw terms like NIMBY/YIMBY (political framing), but details are sparse.
Segment discusses a measles resurgence and questions about MMR protection, alongside commentary that CDC capacity has been reduced due to administrative cuts—implying slower public-health response and potentially higher near-term demand for vaccination and diagnostic testing.
Palm Beach County commissioners rejected a proposed AI-focused digital infrastructure hub (data centers/warehouses) near Mar-a-Lago after strong resident opposition. The key market signal is ongoing permitting/NIMBY friction that can delay or block new data-center capacity in premium/coastal markets, tightening supply for incumbents while raising project risk for developers.
Supporting authors
Analysis compiled from Bloomberg TV and radio coverage of 'Balance of Power' and related Bloomberg programs on 7/14–7/15/2026. Sources include on-the-record remarks from the White House and live market reporting; no additional authors are claimed.
Unlock full thesis monitoring
Monitor oil prices, defense-related policy developments, and semiconductor/tech earnings in the coming days. Consider re-evaluating positions in tech names exposed to enterprise spending cycles, and watch banks for continued earnings-driven market momentum.