{"id":63703,"date":"2026-06-24T21:38:18","date_gmt":"2026-06-25T01:38:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-face-volatility-amid-venezuela-earthquake-and-hormuz-shipping-tensions\/63703\/"},"modified":"2026-06-24T21:38:18","modified_gmt":"2026-06-25T01:38:18","slug":"global-markets-face-volatility-amid-venezuela-earthquake-and-hormuz-shipping-tensions","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-face-volatility-amid-venezuela-earthquake-and-hormuz-shipping-tensions\/63703\/","title":{"rendered":"Global Markets Face Volatility Amid Venezuela Earthquake and Hormuz Shipping Tensions"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-face-volatility-amid-venezuela-earthquake-and-hormuz-shipping-tensions\/63703\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-face-volatility-amid-venezuela-earthquake-and-hormuz-shipping-tensions\/63703\/#Humanitarian_Crisis_in_Venezuela_Following_Massive_Quakes\" >Humanitarian Crisis in Venezuela Following Massive Quakes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-face-volatility-amid-venezuela-earthquake-and-hormuz-shipping-tensions\/63703\/#Iran_Asserts_Control_Over_Strait_of_Hormuz_as_Oil_Prices_Slide\" >Iran Asserts Control Over Strait of Hormuz as Oil Prices Slide<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-face-volatility-amid-venezuela-earthquake-and-hormuz-shipping-tensions\/63703\/#Private_Credit_Funds_Hit_by_Surge_in_Exit_Requests\" >Private Credit Funds Hit by Surge in Exit Requests<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-face-volatility-amid-venezuela-earthquake-and-hormuz-shipping-tensions\/63703\/#China_Weakens_Yuan_as_Industrial_Commodities_Tumble\" >China Weakens Yuan as Industrial Commodities Tumble<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-face-volatility-amid-venezuela-earthquake-and-hormuz-shipping-tensions\/63703\/#Canada_and_Japan_Deepen_Defense_Ties_via_GCAP\" >Canada and Japan Deepen Defense Ties via GCAP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-face-volatility-amid-venezuela-earthquake-and-hormuz-shipping-tensions\/63703\/#Biotech_Breakthrough_ATR-258_Targets_Obesity_Market\" >Biotech Breakthrough: ATR-258 Targets Obesity Market<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Venezuela Catastrophe:<\/strong> A massive <strong>7.5-magnitude earthquake<\/strong> near Caracas has left buildings leveled and fatalities feared in the <strong>thousands<\/strong>, according to the USGS.<\/li>\n<li><strong>Hormuz Escalation:<\/strong> Iran\u2019s <strong>IRGC Navy<\/strong> warned that vessels violating its transit rules in the Strait of Hormuz will face &quot;action,&quot; even as <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> slide on rising tanker traffic.<\/li>\n<li><strong>Private Credit Crunch:<\/strong> Redemption requests at flagship funds from Apollo Global Management (<a href=\"\/stock\/APO\">APO<\/a>) and Morgan Stanley (<a href=\"\/stock\/MS\">MS<\/a>) surged to <strong>17%<\/strong> and <strong>11.6%<\/strong> respectively, forcing withdrawal caps.<\/li>\n<li><strong>Commodity &amp; FX Pressure:<\/strong> Shanghai rubber futures plunged over <strong>4.7%<\/strong> on demand fears, while China set the yuan midpoint at its <strong>weakest level since May 28<\/strong>.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Humanitarian_Crisis_in_Venezuela_Following_Massive_Quakes\"><\/span>Humanitarian Crisis in Venezuela Following Massive Quakes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The U.S. Geological Survey (USGS) has issued a &quot;red alert&quot; for Venezuela after back-to-back earthquakes, including a <strong>7.5-magnitude mainshock<\/strong>, devastated the north-central region. The agency estimates that fatalities could reach into the <strong>thousands<\/strong>, with economic losses projected at <strong>1% to 4% of the nation&#39;s GDP<\/strong>.<\/p>\n<p>Buildings have collapsed across the capital, Caracas, particularly in the Altamira and Los Palos Grandes neighborhoods. The disaster struck during a public holiday, leaving many residents trapped in residential structures as power outages and landslides complicate rescue efforts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Iran_Asserts_Control_Over_Strait_of_Hormuz_as_Oil_Prices_Slide\"><\/span>Iran Asserts Control Over Strait of Hormuz as Oil Prices Slide<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Islamic Revolutionary Guard Corps (<strong>IRGC<\/strong>) Navy issued a stark warning on Thursday, stating that any shipping routes established without Tehran&#39;s coordination are &quot;unacceptable and perilous.&quot; The IRGC now mandates that all vessels transiting the <strong>Strait of Hormuz<\/strong> must coordinate via <strong>Channel 16<\/strong> and follow specific Iranian-designated routes or face military action.<\/p>\n<p>Despite the heightened rhetoric, <strong>Brent crude<\/strong> prices slid more than <strong>$1 to $72.74 per barrel<\/strong>. The decline is driven by a surge in tanker traffic as more vessels exit the Persian Gulf with transponders on, signaling growing market confidence in a potential U.S.-Iran peace accord.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Private_Credit_Funds_Hit_by_Surge_in_Exit_Requests\"><\/span>Private Credit Funds Hit by Surge in Exit Requests<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Retail private credit funds are facing significant liquidity tests as investor redemption requests hit record highs in the second quarter. Apollo Global Management (<a href=\"\/stock\/APO\">APO<\/a>) reported that withdrawal demands for its <strong>$26 billion Apollo Debt Solutions<\/strong> fund reached <strong>16.8%<\/strong> of its value, or approximately <strong>$2.4 billion<\/strong>.<\/p>\n<p>Similarly, Morgan Stanley (<a href=\"\/stock\/MS%5D\">MS<\/a> saw requests for its <strong>North Haven Private Income Fund<\/strong> hit <strong>11.6%<\/strong>. Both firms have utilized &quot;gates&quot; to limit payouts to roughly <strong>5%<\/strong> of the funds&#39; net asset value, leaving a substantial portion of investor requests unfulfilled and rolling into future quarters.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"China_Weakens_Yuan_as_Industrial_Commodities_Tumble\"><\/span>China Weakens Yuan as Industrial Commodities Tumble<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The People\u2019s Bank of China (<strong>PBOC<\/strong>) set the daily yuan reference rate at its weakest level in nearly a month, signaling a managed depreciation to support the slowing manufacturing sector. This move comes as the U.S. dollar maintains a <strong>13-month high<\/strong> amid expectations of a more hawkish Federal Reserve.<\/p>\n<p>In the commodities market, <strong>Shanghai rubber futures<\/strong> plummeted more than <strong>4.7%<\/strong>. Traders are reacting to a combination of slowing automotive demand and broader pressure on industrial raw materials as China\u2019s manufacturing outlook remains cautious.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Canada_and_Japan_Deepen_Defense_Ties_via_GCAP\"><\/span>Canada and Japan Deepen Defense Ties via GCAP<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Canadian Defence Minister <strong>David McGuinty<\/strong> met with Japanese counterpart <strong>Shinjiro Koizumi<\/strong> in Tokyo to discuss Canada\u2019s role in the <strong>Global Combat Air Programme (GCAP)<\/strong>. While Canada is seeking observer status in the next-generation fighter jet project, McGuinty noted that any expansion of the partnership remains a decision for the founding members: Japan, Italy, and the UK.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Biotech_Breakthrough_ATR-258_Targets_Obesity_Market\"><\/span>Biotech Breakthrough: ATR-258 Targets Obesity Market<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A new experimental oral drug, <strong>ATR-258<\/strong>, is emerging as a potential challenger to dominant GLP-1 treatments like Ozempic. Unlike current injectables that often lead to significant muscle loss, ATR-258 aims to reduce fat while <strong>preserving muscle mass<\/strong> by targeting muscle metabolism directly. Early data suggests the drug mimics the metabolic effects of exercise, offering a &quot;patient-friendly&quot; oral alternative.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Venezuela Catastrophe: A massive 7.5-magnitude earthquake near Caracas has left buildings leveled and fatalities feared in the thousands, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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