The prospect of a reopened Strait of Hormuz and a pending U.S.-Iran peace deal could help ease the big inflation risk hanging over Kevin Warsh 's first Federal Reserve meeting as chairman. - "Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz," President Trump said Monday morning in a post on Truth Social . Friction point: Lingering disruptions to shipments of oil, fertilizer and other industrial inputs could keep inflation concerns alive at the Fed. What they're saying: "Sailing through the strait will remain riskier and more costly than before the war," Oxford Economics' Ben May wrote in a note Monday morning. - May noted that damage from underwater mines or a sudden re-escalation of the conflict will keep…
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The health secretary is trying to restart the work of a panel that advises the government on vaccines, after a judge froze its decisions and prevented it from meeting.