U.S.-Iran ceasefire ends, Fed nominee faces hearing
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- U.S.-Iran ceasefire expires tomorrow, ending a seven-week pause in hostilities.
- Fed nominee faces a tough confirmation hearing today, putting the Fed’s leadership in doubt.
- Iran’s renewed blockade of the Hormuz Strait is already delaying Indian cargo, and the ceasefire lapse might deepen the bottleneck.
- Trump is under legal scrutiny for his national-security claims, with a $20 billion cash issue at stake.
Why it matters: Indian importers risk higher costs as the U.S.-Iran ceasefire lapses and Hormuz Strait remains blocked, while the Fed nominee’s tough hearing will delay policy decisions, unsettling investors handling $20 billion in market exposure.
