BlockBeats News, July 13th. Following the United States' initiation of a new round of military action against Iran, international oil prices rose, US Treasury yields increased, and the uncertainty in the Strait of Hormuz escalated, further intensifying market volatility. Influenced by the rise in oil prices and the resulting increase in inflation expectations, the market has increased its bet on the Federal Reserve's further interest rate hikes, causing gold and US stock index futures to decline.

The market will focus next on the US June CPI data, which will be released at 20:30 Beijing time on Tuesday, July 14th, as well as Federal Reserve Chair Kevin Warsh's congressional testimony and the start of US stock earnings season. The CPI data will be one of the most important macroeconomic events of the week, potentially further affecting market expectations for the Fed's future monetary policy path.