Finance & Banking — Strait of Hormuz Blockade Sends Oil Past $100, Sinks Stock Futures, and Forces Fed Rate-Cut Repricing Ahead of Bank Earnings Week

Finance & Banking · 2026-04-13

TODAY'S SIGNAL — The dominant force reshaping the Finance & Banking landscape this week is the U.S. naval blockade of the Strait of Hormuz following collapsed ceasefire talks with Iran. Oil surging back above $100 per barrel is the single most consequential variable for bank earnings guidance, credit risk models, and Fed policy calculus. UBS has already cautioned it is "too soon to identify…