r/Stocks Daily Discussion Monday - Jul 20, 2026

[+7] u/jrex035: To sum up what happened this weekend in the Iranian conflict (all of the below are confirmed, there's rumors of a lot more damage and casualties that I am not including): * Iran struck Kuwaiti power plants and desalination plants at least twice, doing significant damage * Iran struck the primary Kuwaiti oil loading terminal causing severe damage * Iran struck multiple vessels trying to cross the Omani channel of the Strait with cruise missiles * Iran killed at least 4 American servicemen and wounded dozens more at bases in Jordan and Northern Iraq * Iran struck US bases in Bahrain, Kuwait, Saudi Arabia (first time in months), Iraq, and Jordan damaging "several" US Blackhawk helicopters and destroying several hangers in the attacks in Jordan So of course oil prices swung to negative just before the market opened due to a "Qatari brokered 10 day ceasefire deal" headlines. Iran has already rejected the deal publicly however and the Houthis just announced a few minutes ago that they're imposing a blockade on Saudi Arabia. https://www.reuters.com/world/middle-east/yemens-houthis-declare-naval-blockade-against-saudi-arabia-statement-2026-07-20 This conflict is far from over and you'd be a fool to ignore it at this point [+7] u/jrex035: Genuinely hilarious seeing oil prices *down* right now after this weekend, all because of a headline over a *10 day* ceasefire. A ceasefire that Iran has outright rejected, and is currently ignoring as it launches more attacks this very minute. Oh, and the Houthis announced a blockade of the Red Sea in the meantime too. The US might be desperate for the war to end, but Iran won't acquiesce unless they get huge concessions that Trump clearly doesn't want to give up. And so we continue the status quo of burning through global inventories all while trying to keep prices artificially low, which keeps demand high, and reduces the time itll take to hit product shortages. Who doesn't love inflation and recessions at the same time? [+7] u/reaper527: formatting on the daily thread is STILL broken. how many months have the mod team been repeatedly told about this? we have absentee landlords running this place.