Crude oil prices climbed sharply following threats from the Trump administration to reimpose a blockade on the Strait of Hormuz and launch further strikes against Iran. Analyst Adam Farrar examines the likelihood of supply chain interruptions and how global energy traders are responding in real time. Alongside these energy worries, market participants are reviewing the first FOMC minutes released under Chair Kevin Warsh. The document reveals disagreement among Fed officials over interest rate hikes, with several members initially pushing for more aggressive moves before a final consensus was reached.
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