Unknowns in the Fed Chairman's final meeting? President Trump receives a new message from Iran.

Oil continues to rise above $110/barrel. US stocks slightly decline, BTC retreats to around $76K.

🇺🇸 President Trump posted on Truth Social: "Iran just informed us that they are on the verge of collapse and want us to open the Hormuz as soon as possible."

The US continues to tighten its grip on Iran on all fronts:

• OFAC prohibits all US individuals and organizations from paying Hormuz transit fees to Iran, warning that foreign organizations also face sanctions if they pay.

• Sanctions imposed on 35 more individuals and organizations for helping Iran circumvent sanctions, including small Chinese oil refineries.

• Treasury Secretary Bessent emphasized that any individual, vessel, or organization supporting the flow of money to Iran will face US sanctions.

According to Kpler, Iran only has enough oil storage to sustain production for about 22 more days. CNN also reported that Tehran is preparing a revised peace proposal to be sent through Pakistan in the NEXT FEW DAYS.

🇮🇷 An Iranian Army spokesman sent a contradictory message: the war is not over, and the army is on high alert.

At 1 AM tomorrow, the Fed will announce its interest rate decision, almost certainly KEEPING IT UNCHANGED at 3.5-3.75%. But what the market is interested in is the next signal: whether the policy statement will shift to a more hawkish tone, given the sharp increase in March CPI inflation due to energy prices.

This meeting will also be Powell's last meeting as Fed Chairman (his term ends in May 2026). The Justice Department dropped its investigation into him last week, removing the biggest obstacle to confirming Kevin Warsh as his replacement.