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CNN reports, citing sources, that the US and Iran anre not as far apart as it seems anad that the first part of any potential agreement will focus on opening the Strait of Hormuz without restrictions or fees

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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

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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

Geopolitics

Arab sources report missile attack on Bahrain, Fars reports