Oil futures climbed late Tuesday after the Treasury Department canceled a license granted on June 21 to allow for the sale of Iranian oil.

The U.S. military unleashed a new wave of strikes against Iran on Tuesday and revoked a license allowing the country to sell oil after three tankers were hit in the Strait of Hormuz.

The development is a sign that the peace agreement reached between the U.S. and Iran last month remains on fragile ground.

The ⁠United ⁠States revoked on Tuesday a general ⁠license that authorized the sale of Iranian oil, as a U.S. official ​warned that Iran's actions in the Strait of Hormuz were "wholly unacceptable" and would be met with consequences after ‌attacks on tankers in the strategic ‌waterway.

SpaceX trading losses on Tuesday didn’t appear to have much to do with space fundamentals. Instead, technical factors created volatility. Elon Musk’s AI and space company entered the Nasdaq-100, one of the best-known large-cap growth indexes that tracks the largest nonfinancial companies listed on Nasdaq.

SpaceX will go into the Nasdaq-100 on Tuesday, unleashing a wave of passive buying of the stock from mutual funds and exchange-traded funds that track the index. The technology and rocket-launch company will be added to the Nasdaq-100 at the start of trading on Tuesday with a capitalization at three times its raw float of $75 billion,

It was a failure to launch for SpaceX shares on their first day in the Nasdaq-100. Amid a broad decline in tech stocks, the rocket maker’s shares dropped 6.8% to $149.47—above their IPO price of $135,

SpaceX is investing $2 billion in xAI, Elon Musk's AI company, as part of a $5 billion equity round, amid his efforts to boost the AI startup.

"Well, I think it certainly sends a symbolic message out there to everyone that puts them on notice in case they hadn't been noticing that Texas really is, a substantial place in this regard," said Ray Perryman,

The Texas Stock Exchange will commence trading on Monday, kickstarting the first real test of one of the most well-funded new exchanges to launch in decades.

The doors opened today on the nation's newest stock exchange. The Texas Stock Exchange out of Dallas is part of the state's push to challenge Wall Street's dominance.

The Texas Stock Exchange starts test trading as it prepares to compete with Nasdaq and the New York Stock Exchange.