Fed Chair Kevin Warsh said today's interest rates are higher than 42 days ago.

Iran has rejected Oman's proposal for a jointly managed regional mechanism for Strait of Hormuz shipping, insisting one inbound lane must lie entirely in Iranian territorial waters and a second lane must partially do so. An Iranian senior official said Tehran insists on control of the full inbound lane and parts of the outbound lane, that only Iran and Oman may determine management based on their respective shares, and that it will bar other countries from influencing the arrangement. The official also accused the US and Saudi Arabia of pressuring Oman to advance what he called an unrealistic plan.

South Korea's Finance Ministry said it is considering raising transaction costs to curb speculative trading in ETFs.