Bank Earnings Stronger Than Expected Amid Oil Price Surge

Wall Street's major banks reported stronger-than-expected results, driven by robust equities trading and investment banking fees. Meanwhile, oil prices surged over 9% following President Trump’s announcement of a renewed U.S. blockade on Iranian ports and the imposition of a 20% toll through the Strait of Hormuz.

By Alex Harring · CNBC · July 14, 2026, 12:30 UTC

Bank Earnings Stronger Than Expected Amid Oil Price Surge

Tickers: $IBM

Topics: blockade_announcement iran_tensions oil_prices

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