Tuesday's Final Thoughts: U.S.-Iran Growing Tension & U.S. Trade Deficits

• Oil prices rose due to renewed tensions around the Strait of Hormuz and the U.S. revoking a license for Iranian oil sales.
• Amazon's massive new bond deal is reportedly putting pressure on the broader corporate bond market, as big tech companies flood the credit market for AI infrastructure funding.
• Samsung's preliminary Q2 operating profit estimates, while better than expected, led to a 'sell the news' event, dragging chip stocks lower.
• The U.S. trade deficit widened significantly in May, with imports growing and exports dropping, indicating potential distortions in the trade market.

The segment discusses rising oil prices due to renewed Iran tension and Amazon's large bond sale impacting the corporate bond market. It also covers Samsung's preliminary numbers dragging chip stocks lower and the widening U.S. trade deficit. Looking ahead, FOMC minutes, MBA mortgage applications, and a 10-year note auction are key events.