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Jul 16 — Banks surge, Iran conflict widens, crypto gets clarity

• The US expanded strikes into northern Iran and blocked a tanker in the Persian Gulf as India pulled seafarers from Hormuz routes — a strait disruption would spike oil prices and shipping insurance costs globally. • JPMorgan profit rose 41% to $21B+, BlackRock hit a record $15.3T in AUM, Goldman set an equities trading record for the third straight quarter, and TSMC posted a 77% profit jump — together signaling broad strength in finance and… • White House crypto talks were called "hugely positive" for the Clarity Act, the DTCC began live tokenized-stock production, but DeFi protocol Ostium…

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