Dow Jones Top Markets Headlines at 3 AM ET: Oil Prices Fall Amid Prospects of Fast Reopening of Strait of Hormuz | Warsh's ...

Oil prices fell in Asia amid expectations of a rapid Strait of Hormuz reopening, the route for about one-fifth of global oil shipments. The broader market mood shifted after central-bank officials signaled inflation vigilance, with stocks slipping and yields rising as policymakers kept a hawkish stance. The briefing notes Warsh’s leadership in his first policy phase as Fed chair, moving away from hints toward inflation containment. Iran’s potential deal could boost annual oil revenue to more than $60 billion, while UK unemployment dipped below 5% and the Bank of England was forecast to hold rates. Ireland cut growth forecasts as eurozone volatility persisted.