Geopolitical Pause, Markets on Edge | Spokane News

Spokane News Today | 2 Min | The Daily News Now! · Jul 27, 2026 · 1m

Tensions between the U.S. and Iran have paused after two weeks of escalating attacks, offering a glimmer of hope for diplomacy and stabilizing shipping lanes — but oil prices still plunged as markets brace for more volatility. Drone strikes in Saudi Arabia, Jordan, and Iraq hint Iran may be testing new strategies, while investors remain jittery amid looming central bank decisions, tech earnings, and inflation fears. The Fed is expected to hold rates steady, though a September hike remains a possibility. This week’s economic data and big tech reports — especially from Microsoft and Apple —…