1. Brent and WTI crude oil prices plummeted sharply by over 13% after Iran agreed to reopen the Strait of Hormuz as part of a ceasefire deal with the U.S.
2. The Fed's meeting minutes revealed deep concerns over persistent inflation, causing some members to push back rate cut expectations further into the future.
3. Spot gold held its gains amidst market turmoil, last trading up 0.7% at $4,735.27/oz following the release of the Fed minutes.
Oil Plummets on Ceasefire News, Fed Minutes Signal Inflation Concerns, Strait of Hormuz Reopens
