US Treasury Secretary Bessent says US will not tolerate any effort to impose a tolling system in the Strait of Hormuz; Says "Oman, in particular, should know that the US Treasury will aggressively target any actors involved - directly or indirectly"

US official says recent events in the Strait of Hormuz do not threaten negotiations with Iran, Al Jazeera reports; recent measures were defensive in nature

Fed's Musalem (2028 voter) says the baseline outlook is that inflation will take longer to come back down to target

US Treasury Secretary Bessent says US will not tolerate any effort to impose a tolling system in the Strait of Hormuz; Says "Oman, in particular, should know that the US Treasury will aggressively target any actors involved - directly or indirectly"

CNN reporter citing Senior US Admin officials suggest the Axios report is true; "appears to be getting everything we want"

US EIA Natural Gas Stocks Change (May/22) 92