The fragile ceasefire in the Middle East appears to have shaken as both the U.S., Iranian military fired shots in the Strait of Hormuz Monday.
Iran claimed that it had hit a US naval vessel, preventing it from entering the Strait, but the US denied there had been any strike.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.