Monday, June 1, 2026

Oh yeah, Iran wants to make a deal so badly it now threatens to shut down the Red Sea on top of the Persian Gulf

U.S. intercepts Iran missiles targeting American forces in Kuwait: CENTCOM 

Treasury yields rise after Iran reportedly stops communication with U.S.  

 U.S. oil jumps more than 7% on report Iran will halt talks with U.S. and completely block Hormuz

U.S. oil prices jumped nearly 8% Monday, after Iranian state media said Tehran will halt talks with the U.S. and completely close the Strait of Hormuz in response to Israeli attacks in Lebanon. ...

Tehran will completely block the Strait of Hormuz and open other fronts including the Bab el-Mandeb Strait, Tasnim reported. The Bab el-Mandeb Strait is a trade chokepoint that connects the Red Sea to the Gulf of Aden. ... 

Former Fed Chair Jerome Powell accepts Profile in Courage Award

 Fed’s Powell warns Trump’s political ‘stress test’ will wreck public trust in central bank

... “If any administration finds a ​way to remove Fed officials ​over policy differences, then ⁠future administrations will do so as well,” Powell said while accepting the John F. Kennedy Profile in Courage Award. “The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.” ...