The U.S. and Iran signed a 60-day ceasefire MOU digitally. Strait of Hormuz reopens Friday after a ceremony in Switzerland. The nuclear question got pushed to the next round.Reuters
2.
Dow closed at a record 51,671, up 469 points. WTI crude fell nearly 5% to about $80.75 a barrel. Chevron dropped 3.6%. Boeing gained 4.66%. Same index.CNBC
3.
Israel’s defense minister said the IDF will not leave Lebanon. Netanyahu, on Iran obtaining a nuclear weapon: “Not today and not tomorrow.” Fox
Markets & Economy
4.
WTI hit its lowest level since early March. Still up 40% since January. BBG
5.
Travel and airline stocks surged on cheaper fuel. Boeing led Dow gainers at 4.66%. CNBC
6.
The Fed begins its two-day FOMC meeting today. Rate hold expected at 3.50–3.75%. Monday’s oil drop was not in last week’s projections.WSJ
Politics
7.
Secret White House memos show the administration weighed suspending habeas corpus. Staff secretary Scharf wrote an opposing memo to Chief of Staff Wiles. WSJ
8.
Trump arrived at the G7 in Evian, France. Met bilaterally with Macron as the Iran deal shaped the agenda. AP
War & Conflict
9.
Russia hit Kyiv overnight and killed 5 people. The Pechersk Lavra monastery, a UNESCO World Heritage site, caught fire. Reuters
10.
Clearing mines from the Strait could take weeks. A supertanker and its cargo run about $300 million. Insurers haven’t signed off yet.ToI
