Oil prices settle up as Iran says Strait of Hormuz to stay shut

Dinner speech by Philip R. Lane, Member of the Executive Board of the ECB, at the Closing Conference of the European System of Central Banks Research Network on Challenges for Monetary Policy Transmission in a Changing World (ChaMP)[1] Rome, 6 July 2026 Let me begin by congratulating everyone involved in the ChaMP research network on…

Treasury teams are adapting to ongoing market volatility by treating uncertainty as the norm. This article appears in the July/August issue of Global Finance Magazine. Treasury teams now navigate sustained market volatility by treating uncertainty as a core factor in everydaydecision-making, rather than an exception. That’s among the central findings of the latest Herbert Smith…

An F-35B Lighting II, attached to Marine Fighter Attack Squadron (VMFA) 121, takes off from the flight deck of America-class amphibious assault ship USS Tripoli (LHA 7), May 13, 2026. Courtesy: U.S. Navy U.S. forces launched strikes against Iranian targets shortly before the U.S. resumed its naval blockade of Iranian ports in and around the…