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Nike (NKE.N): As of May 31, 2026, it has received $302 million in IEEPA tariff refunds, with another $684 million pending refund.

White House National Economic Council Director Hassett: Today I met with Treasury Secretary Bessant to discuss the future tax agenda.

White House National Economic Council Director Hassett: Current GDP growth forecasts are significantly off.

US President Trump: Once the situation in Iran stabilizes, oil prices will drop to $55 per barrel.

The Dow Jones Industrial Average rose 150.25 points, or 0.29%, to close at 52,658.52 on Wednesday, July 15; the S&P 500 rose 28.85 points, or 0.38%, to close at 7,572.44; and the Nasdaq Composite rose 162.22 points, or 0.62%, to close at 26,269.23.

US President Trump praised the CEOs of JPMorgan Chase (JPM.N), Boeing (BA.N), and General Dynamics.

US President Trump: (Regarding Iran) We'll see if we can reach an agreement with them.

US President Trump: (Regarding Iran) They want to reach a deal.

According to NewsNation: Trump stated that if a solution cannot be reached with the Iranian Revolutionary Guard, the United States may eliminate it in the same way it fought ISIS.

US President Trump: Oil prices will fluctuate for a while.

Iranian Foreign Ministry: Iranian Foreign Minister Araqchi has returned to Tehran from Doha.

Outgoing Ukrainian Defense Minister Fedorov stated that Ukraine had successfully conducted a ballistic missile test.

Kuwait said its armed forces intercepted four cruise missiles and 21 drones from Iran on Wednesday.

Hang Seng Index futures closed up 0.71% at 24,829 points in overnight trading, a premium of 148 points.

On July 16th, Iranian Parliament Speaker Mohammad Ghalibaf issued a statement on the latest developments regarding the war and the domestic situation on the evening of the 15th local time. Ghalibaf stated that Iran has never welcomed war, but in order to safeguard national security and interests, it must be prepared for battle at all times and must exert every effort. Ghalibaf pointed out that Iran should also utilize diplomatic and negotiating means to achieve and consolidate its national interests. Ghalibaf stated that a memorandum of understanding is only meaningful if all its provisions are valid and being implemented. If Iran cannot benefit from a memorandum of understanding, there is no reason to abide by it. Ghalibaf stated that everyone in Iran has a responsibility to make efforts, according to the Supreme Leader's instructions, for war, diplomacy, or both.

July 16 – Three U.S. officials stated that the recent series of U.S. strikes against Iran were aimed at forcing it to open the Strait of Hormuz, and also at targeting Iran's military capabilities, which the U.S. hopes to destroy before undertaking more complex operations against Iran. The recent strikes have effectively enhanced Trump's additional military options. The U.S. military stated that its latest airstrikes targeted Iranian air defense systems, coastal radar stations, missile and drone bases, as well as small vessels and other maritime assets. One U.S. official stated that these strikes can be seen as "shaping operations," weakening Iran's defense capabilities to allow for more intensive U.S. military operations in the future. "This helps lay the groundwork for necessary follow-up work," the official said.

July 16th - According to CBS, the U.S. Department of Defense recently assessed military action options against Cuba, including a large-scale air assault option carried out by the 101st Airborne Division. Sources familiar with the matter stated that these discussions do not indicate that the Trump administration has decided to take action. Currently, a large portion of U.S. military resources are concentrated in the Middle East, limiting the likelihood of action against Cuba. The U.S. has indicated it still prefers to push for reforms in Cuba through diplomatic and economic pressure. The Pentagon responded that it would not comment on hypothetical military action.