Bonds & Stocks
A slide in oil prices lifted stocks and bonds on hopes that more tankers will be able to traverse the Strait of Hormuz amid an ongoing war that has upended global energy markets. The S&P 500 rose 0.9%. The yield on 10-year Treasuries declined five basis points to 4.23%.
Economy
The world's top central banks are convening to assess the renewed inflation threat from the war in Iran and the possibility of delaying interest-rate cuts or considering hikes.
World
Donald Trump threatened to delay his summit with Xi Jinping if Beijing doesn’t help secure the Strait of Hormuz, as the US-Israel war stifles oil supplies and unsettles ties between the world’s biggest economies.