Episode Details

The dollar held near its highest levels since April of last year as traders priced an eighty-one percent chance of a Federal Reserve pause, even with policymakers still signalling room for hikes. In the UK, the Institute for Fiscal Studies warned Chancellor John Healey needs thirty-five billion pounds by 2031 to protect departmental budgets and defence pledges. Meanwhile, maritime tensions escalated after the tanker Petro Dolphin was struck off Oman, leaving two Indian sailors missing amid already constrained Strait of Hormuz crude flows.