Good morning, you're listening to Markets Desk.
The dominant story moving markets this hour is the Iran peace deal. President Trump announced Sunday that the United States and Iran have reached an agreement ending months of conflict, with the Strait of Hormuz set to reopen to toll-free transit. The closure had triggered the largest disruption to global oil markets in recorded history, and traders will be watching crude futures closely as the shipping lanes come back online.
Turning to monetary policy, all eyes are on Kevin Warsh heading into his first Federal Reserve meeting as chair this week. Economists say they genuinely cannot predict what Warsh will signal at his press conference — his policy instincts remain opaque, and markets are pricing in significant uncertainty around the rate path for the remainder of the year.
And in the technology space, the Trump administration has shut down foreign access to Anthropic's powerful new artificial intelligence model, Fable five, following a warning from Amazon chief executive Andy Jassy. Concerns centered on unauthorized Chinese access and broader cybersecurity vulnerabilities, with senior White House officials moving swiftly after Jassy raised the alarm on Thursday.
That's the tape. Markets Desk, signing off the floor.
