美联储理事巴尔：通胀是一个关键问题；美联储已被“迫使偏离”2%的目标。

BofA reiterated that nickel has found support above $15,000/ton ($6.80/lb).

Iranian deputy foreign minister Araghchi said he expects a final US response to Tehran’s Strait of Hormuz proposal to be transmitted via a Qatari intermediary before Tuesday, signalling the diplomatic channel remains open. Oil initially jumped more than $4 on Monday after Trump rejected Iran’s offer but later gave back most gains as hopes for resumed talks resurfaced; prices rose again today on lingering supply concerns. A US reply that signals negotiation progress could prompt markets to quickly pare the Hormuz-related risk premium and weigh on crude; a breakdown in talks would leave markets facing the same unresolved supply risk seen in recent months.