CNBC Daily Open: Oil heats up on Middle East tensions as Fed sees a 'family fight'

Kevin Warsh, chairman of the US Federal Reserve, arrives for a House Financial Services Committee hearing in Washington, DC, US, on Tuesday, July 14, 2026. Daniel Heuer | Bloomberg | Getty ImagesHello, this is Hui Jie writing to you from Singapore, filling in for Leonie. Tensions in the Middle East are heating up again. U.S. forces hit Iran late Wednesday stateside, after President Donald Trump's threat to give Tehran a "beating." The Fed is witnessing a "fight" of its own after keeping rates steady, while Asian investors are assessing a results beat by Samsung Electronics. What you need to know todayThe geopolitical temperature is on the rise, and not because of the heatwaves that are sweeping Europe.Oil markets were definitely showing some signs of fear, with Brent climbing 2.09% Thursday to $92.64 a barrel and U.S. West Texas Intermediate up 1.46% to 85.66.Elsewhere, the Fed had a "family fight" as it opted to hold rates steady at 3.5%-3.75% in a 9-3 split decision, with Fed chairman Kevin Warsh saying: "I asked for a good family fight, and I got one. That's the purpose. That's the design feature."After the press conference, the yield on the 30-year Treasury hit its highest leve...