U.S. Secretary of Defense Hegseth said the U.S. is fully capable of reimposing a forceful blockade if Iran fails to comply.

Analyst Matthew Weller says the core of the first Fed meeting under FOMC chair Kevin Walsh will likely be the SEP, dot plot and press conference rather than the near-term rate decision, and these could materially reshape market expectations for the policy path. Traders and economists broadly expect the Fed to hold the target range at 3.50–3.75%. Walsh's remarks on central-bank independence and communication strategy at the press conference are expected to have lasting market impact. DXY 99.50 is viewed as the key watershed for this week and beyond: if the Fed leaves the door open to a later-year hike and Walsh stresses FOMC independence, the dollar could rebound toward ~100.50 (a one-year high); if the SEP is more cautious and Walsh is ambiguous on independence, the dollar would come under pressure and a break below 99.50 would likely pull the 50-day moving average toward 99.00.

Jingyan Technology said MIM-process copper-alloy optical-module housings began ramping up volumes this year; they currently account for a small share of revenue.