{"id":64712,"date":"2026-07-13T11:38:18","date_gmt":"2026-07-13T15:38:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/u-s-reinstates-iran-blockade-as-middle-east-tensions-escalate-kenvue-lawsuits-revived\/64712\/"},"modified":"2026-07-13T11:38:18","modified_gmt":"2026-07-13T15:38:18","slug":"u-s-reinstates-iran-blockade-as-middle-east-tensions-escalate-kenvue-lawsuits-revived","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/u-s-reinstates-iran-blockade-as-middle-east-tensions-escalate-kenvue-lawsuits-revived\/64712\/","title":{"rendered":"U.S. Reinstates Iran Blockade as Middle East Tensions Escalate; Kenvue Lawsuits Revived"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President Trump announced the reinstatement of a naval blockade on Iran<\/strong> and a plan to charge a <strong>20% &quot;security fee&quot;<\/strong> on all cargo transiting the Strait of Hormuz.<\/li>\n<li><strong>A U.S. Appeals Court revived over 500 lawsuits against Kenvue (<a href=\"\/stock\/KVUE\">KVUE<\/a>)<\/strong>, sending cases alleging Tylenol-related autism risks back to lower courts for review.<\/li>\n<li><strong>UK Prime Minister Keir Starmer secured a deal for Britain to join a \u00a378 billion (\u20ac90 billion) EU-led loan package<\/strong> to support Ukraine&#39;s defense and reconstruction.<\/li>\n<li><strong>BAE Systems (<a href=\"\/stock\/BAESY\">BAESY<\/a>) won a major contract from Boeing (<a href=\"\/stock\/BA\">BA<\/a>)<\/strong> to supply advanced electronic warfare systems for South Korea\u2019s F-15K fighter jet fleet.<\/li>\n<li><strong>The Bank of Canada (BoC) scheduled its next interest rate decision and Monetary Policy Report for Wednesday<\/strong>, with markets anticipating a potential hold at 2.25%.<\/li>\n<\/ul>\n<h2>Global Security and Geopolitics<\/h2>\n<p><strong>President Donald Trump<\/strong> announced Monday that the United States is officially reinstating a naval blockade on Iranian ports following a weekend of heavy military exchanges. The President declared the U.S. will act as the <strong>&quot;Guardian of the Hormuz Strait,&quot;<\/strong> imposing a <strong>20% reimbursement fee<\/strong> on all cargo shipped through the waterway to cover security costs. While the blockade is technically in effect, a <strong>24-hour legal notification requirement<\/strong> for ship owners means the full operational impact will begin later on Monday.<\/p>\n<p>The escalation follows reports from the <strong>Fars News Agency<\/strong> that three members of Iran&#39;s <strong>Islamic Revolutionary Guard Corps (IRGC)<\/strong> were killed in U.S. air strikes on Monday. These strikes were reportedly retaliatory actions after Iranian forces targeted commercial vessels in the Strait of Hormuz. In Europe, EU foreign policy chief <strong>Kaja Kallas<\/strong> noted that the bloc is &quot;quite close&quot; to a deal on a <strong>21st sanctions package against Russia<\/strong>, though a record list of <strong>250 individuals and entities<\/strong> was already approved for immediate blacklisting.<\/p>\n<h2>Corporate and Legal Developments<\/h2>\n<p>Shares of <strong>Kenvue (<a href=\"\/stock\/KVUE\">KVUE<\/a>)<\/strong> faced pressure Monday after the <strong>U.S. Court of Appeals for the Second Circuit<\/strong> revived hundreds of lawsuits. The court ruled that a lower Manhattan judge had &quot;exceeded discretion&quot; by excluding expert testimony in cases alleging that prenatal exposure to <strong>Tylenol (acetaminophen)<\/strong> increases the risk of autism and ADHD. The ruling does not establish liability but allows the litigation\u2014which analysts estimate could eventually cost billions in settlements\u2014to proceed to discovery and potential trials.<\/p>\n<p>In the defense sector, <strong>BAE Systems (<a href=\"\/stock\/BAESY\">BAESY<\/a>)<\/strong> confirmed it has secured a contract from <strong>Boeing (<a href=\"\/stock\/BA\">BA<\/a>)<\/strong> to provide the <strong>AN\/ALQ-250 Eagle Passive Active Warning Survivability System (EPAWSS)<\/strong> for South Korea\u2019s <strong>F-15K Slam Eagle<\/strong> fleet. The system, which is now in full-rate production, provides advanced electronic warfare capabilities and situational awareness. This deal is part of a larger <strong>$6.2 billion<\/strong> modernization effort for the Republic of Korea Air Force&#39;s fighter jets.<\/p>\n<h2>Economic Outlook and Market Reaction<\/h2>\n<p>The <strong>Bank of Canada<\/strong> announced it will release its latest interest rate decision and <strong>Monetary Policy Report (MPR)<\/strong> at 9:45 AM ET this Wednesday. Governor <strong>Tiff Macklem<\/strong> is scheduled to host a news conference at 10:45 AM ET to discuss the bank&#39;s assessment of inflation risks, which have been exacerbated by rising global <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a>. Most economists expect the central bank to maintain the overnight rate at <strong>2.25%<\/strong> amid heightened geopolitical uncertainty.<\/p>\n<p>European markets showed mixed results on Monday, with <strong>France&#39;s CAC 40<\/strong> rising 0.14% while <strong>Spain&#39;s IBEX<\/strong> fell 0.3%. In the UK, the <strong>FTSE 100<\/strong> edged down 0.02% as Prime Minister <strong>Keir Starmer<\/strong> finalized the UK\u2019s participation in the <strong>\u00a378 billion Ukraine support loan<\/strong>. This agreement allows British defense firms to compete for contracts funded by the loan, provided the UK contributes proportionally to the borrowing costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump announced the reinstatement of a naval blockade on Iran and a plan to charge a 20% 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