investingLive Americas market news wrap: Oil prices spike as Trump announces blockade and tolls

US navy details that it will enforce a full blockade on Iran US June federal budget deficit $120 billion vs $138 billion expected More from Fed Waller: Now is not the time to use forward guidance. Waller: If there is another hot reading on core inflation this week, the Fed will need to consider raising rates Trump reimposes Iran blockade, places 20% toll on…

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