# Geopolitics lifts oil, tariffs return, and markets look to earnings

Page: https://stenobird.com/podcast/moving-markets-5478198/geopolitics-lifts-oil-tariffs-return-and-markets-look-to-earnings
Text version: https://stenobird.com/podcast/moving-markets-5478198/geopolitics-lifts-oil-tariffs-return-and-markets-look-to-earnings.md
Podcast: [Moving Markets](https://stenobird.com/podcast/moving-markets-5478198)
Published: 2026-07-22T06:59:02+00:00
Episode link: https://share.transistor.fm/s/13810e67
Audio file: https://media.transistor.fm/13810e67/b16442a2.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/moving-markets-5478198/episodes/geopolitics-lifts-oil-tariffs-return-and-markets-look-to-earnings
Duration seconds: 722

## Resource

Markets faced a fresh wave of geopolitical risk as the conflict involving the US, Iran and the Houthis escalated, pushing oil prices higher. Yet equities remained resilient, with positive corporate earnings and strength in semiconductors helping offset investor concerns. Elsewhere, the US announced a 50% tariff on a broad range of Canadian imports, Japan's yen weakened beyond 163 against the dollar despite intervention warnings, and competition intensified in the obesity drug market as Novo Nordisk sued Eli Lilly. Investors now await results from Alphabet and Tesla while continuing to monitor developments in the Middle East. We are also joined by Dario Messi, Head of Fixed Income Research, to discuss what to expect from tomorrow's ECB meeting and whether higher oil prices could prompt the ECB to adopt a more hawkish stance. (00:00) - Introduction: Jan Bopp, Product & Investment Content (00:48) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (07:56) - Fixed income update: Dario Messi, Head of Fixed Income (11:07) - Closing remarks: Jan Bopp, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/moving-markets-5478198/episodes/geopolitics-lifts-oil-tariffs-return-and-markets-look-to-earnings/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/moving-markets-5478198/geopolitics-lifts-oil-tariffs-return-and-markets-look-to-earnings.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.