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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Pentagon puts full military weight behind Project Freedom (Hormuz freedom) from May 4
- Iran draws red line (ceasefire breach) on Hormuz as US ship coordination plan takes shape
- Fed's Kashkari refuses to rule out rate hikes as Iran conflict stokes inflation
- WSJ says Trump plan to guide ships through Hormuz doesn’t involve U.S. Navy escorts
- Oil down, equities up on Trump's Hormuz plan just announced. Leaves Iran all at sea.
- Trump launches Project Freedom to escort ships out of Hormuz. Leaves Iran stranded.
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