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Oil prices are falling and stocks are up. Traders worry they've gone too far CNNHormuz traffic reaches highest level since mid-April, maritime data shows The Times of IsraelAfter Deal to Reopen Strait of Hormuz, Ships Begin to Move Cautiously The New York TimesIran announces plans to bring in maritime fees for strait of Hormuz The GuardianOil Prices in Focus as Vance Cancels Trip to Start Iran Peace Talks and Hormuz Reopens
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Global oil prices on Thursday touched their lowest level since the U.S.-Israeli war with Iran began almost four months ago.
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Nine of 19 officials who participate in Fed policy meetings penciled in at least one interest rate increase by year end, up from zero in March. It was Kevin Warsh's first as Fed chair.
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The producer price index was expected to increase 1.1% in March, according to the Dow Jones consensus estimate.
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