1049 ET - Futures markets price in higher odds of an increase in U.S. interest rates this year as talks to reopen the Strait of Hormuz seem to fall through. Tehran is reported to have halted talks over alleged violations of a ceasefire agreement with the U.S. On the CME FedWatch tool, odds of a hike by December rise to 43% from 36% Friday, beating odds of a hold, which fall to 39% from 55%. Treasury yields and the dollar also rise as oil futures rally on the news. WTI crude is up 8% and the WSJ Dollar Index rises 0.3%. The 10-year Treasury yield is at 4.512%, back to last week levels. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
June 01, 2026 10:49 ET (14:49 GMT)
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