Dow Jones Top Markets Headlines at 3 AM ET: Oil Surges Most Since 2020, Reflecting Bet That Strait Won't Go Back to Normal | U.S. ...

Dow Jones Top Markets headlines at 3:15 a.m. ET highlighted renewed oil price strength, macro developments in Asia and the U.S., and policy signals affecting markets. International crude climbed nearly 10% after President Trump said he would reimpose the U.S. blockade on Iranian ports, a move also tied to reports of new Iran-related strikes. The wire also noted China’s exports surged in June, beating expectations and providing support amid weak domestic demand. In Asia, South Korea raised its 2026 growth and inflation forecasts, citing the continued semiconductor boom and policy measures. Separately, several central-bank outlooks appeared in the briefing, including a warning from the Reserve Bank of New Zealand about faster pass-through of costs, while economists expected the Bank of Canada to keep rates steady for a sixth straight time. Other items covered gold slipping from record highs and stresses on the U.S. Strategic Reserve from frequent oil draws.