Debt Desk — Debt Desk — October 22, 2026: Oil Shock, Ukraine Talks and a Big Bank Lending Signal
Good morning. It is Thursday, October twenty-second.
The national brief begins in the Strait of Hormuz, where a new threat to oil traffic is moving markets before the U.S. opening bell.
Iranian state television says seven oil tankers were damaged overnight, four after being attacked while transferring oil and three after striking naval mines. Those claims had not been independently verified as of early Thursday. If they are confirmed, this would be the largest single-day number of vessels damaged in the waterway since the Iran war began in February.
The immediate market reaction was sharp…
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