US Treasury chief says Iran airlines to lose landing spot access

Bessent: U.S. will not tolerate any tolling system in the Strait of Hormuz, warns Treasury will 'aggressively target' actors involved.

Bessent: the United States government will not tolerate any effort to impose a tolling system in the Strait of Hormuz, and Oman in particular should know that the U.S. Treasury will aggressively target any actors involved - directly or indirectly - in facilitating tolls for the strait.

Bessent: US naval blockade brings Iranian crude shipments to record low; US to also block Iranian airlines' landing, refueling, ticket sales.

Bessent says the U.S. naval blockade has reduced Iranian crude shipments to a record low, and the U.S. will also deny Iranian airlines access to landing, refueling, and ticket sales.

Fed's Musalem: Inflation risks may prevent target convergence; rate increase possible if disinflation stalls in 1-2 quarters

St. Louis Federal ReserveAlberto Musalem stated that there are risks inflation may not converge to the target, and if disinflation is not seen in the next one to two quarters, that would concern him, adding that there is a scenario where the economy might require a rate increase.

Houston Rockets owner places $18 billion bet on Las Vegas, buys Caesars. The deal values Caesars at $18B, per MarketWatch.

Houston Rockets owner is buying Caesars in Las Vegas for $18 billion, according to MarketWatch.