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# Evening Scan
- URL: https://adjacent.media/scan/2026-07-09-pm/
- Published: 2026-07-09T23:08:03.000Z
- Updated: 2026-07-09T23:08:04.000Z
- Description: Markets moved on three fronts today: the Strait of Hormuz, Fed minutes, and AI funding. The headline was steady macro drift. The actual pattern was more fragile.
- Author: Jonathan Greene
- Tags: #scan-pm, #scan

Markets moved on three fronts today: the Strait of Hormuz, Fed minutes, and AI funding. The headline was steady macro drift. The actual pattern was more fragile.

> **$412.7B** — U.S. venture capital deployed in the first half of 2026 alone, nearly 30% more than all of last year, almost entirely on AI bets. *(PitchBook via SiliconANGLE)*

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#### [Oil Prices Remain Elevated Amid Shipping Traffic Slowdown in Strait of Hormuz](https://www.nytimes.com/2026/07/09/business/oil-shipping-stocks-gas-iran-hormuz.html?ref=adjacent.media) (paywall)

Ship transits through the strait halved on Wednesday — a real chokepoint stress test, not a blip. *(NYT)*

#### [At Warsh's First Fed Meeting, Some Officials Signaled Support for Raising Interest Rates](https://www.nytimes.com/2026/07/08/business/fed-meeting-minutes-warsh-interest-rates.html?ref=adjacent.media) (paywall)

Inflation at a three-year high and a new chair's first meeting producing hawkish language is the combination markets did not want to see. *(NYT)*

#### [PitchBook: US Venture Funding Hits $412.7B in First Half as AI Deals Dominate](https://siliconangle.com/2026/07/09/pitchbook-us-venture-funding-hits-412-7b-first-half-ai-deals-dominate/?ref=adjacent.media)

The AI infrastructure bet is either the most rational capital allocation on record, or a peak moment before the inflection point becomes obvious. *(SiliconANGLE)*

#### [The FTC Settles with John Deere Over Right-to-Repair, Requiring 10 Years of Access](https://www.wired.com/story/the-ftc-settlement-with-john-deere-is-a-huge-win-for-the-right-to-repair-movement/?ref=adjacent.media)

Farmers secured a decade of guaranteed access to their own equipment's software — a durable win for the repair movement that received little attention today. *(Wired)*