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Commodities

Traffic through the Strait of Hormuz remains steady despite renewed attacks on commercial ships and rising Middle East tensions; Kpler recorded 36 vessel crossings on Monday and 41 on Tuesday—roughly in line with last week's daily average of 40

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Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

Geopolitics

US Treasury official says the latest removal of sanctions on Iran is not indicative of any shift in US policy toward the Government of Iran, Fox's Heinrich reports

Fed

Fed's Kashkari (2026 voter, Hawkish dissenter) says now is the time to start slowly moving up rates, but not calling for dramatic rate hikes