Markets on edge as Warsh faces first Fed decision on June 19

On June 14, President Trump announced a U.S.-Iran peace agreement that would reopen the Strait of Hormuz and lift a naval blockade, pushing Brent crude to $83 and WTI to around $80, both at multi-month lows. The agreement has not been signed, with a ceremony set for June 19 in Switzerland, and damage to LNG export infrastructure including Ras Laffan could delay any supply recovery. The Federal Reserve is due to announce its rate decision on June 19 and hold a press conference, with new Chair Warsh seen as potentially scrapping forward guidance and reshaping the dot plot, a shift that could jolt bonds and pressure growth-stock valuations.