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Friday, September 18, 2026
Fed resets global rate cycle as Azerbaijan builds monetary buffer

Fed resets global rate cycle as Azerbaijan builds monetary buffer

The US Federal Reserve (Fed) raised interest rates on Wednesday for the first time in more than three years, increasing the target range for the federal funds rate by 25 basis points to 3.75%–4.00%. The move, which fully met market expectations, also signaled new rate hikes in the near future. The decision by the monetary authority of the world’s largest economy effectively signals the beginning of a new phase in global financial markets.

Future of Hormuz shipping remains uncertain despite Iran-Oman understanding

Future of Hormuz shipping remains uncertain despite Iran-Oman understanding

Iran and Oman have reached an understanding on specific entry and exit routes for vessels passing through the Strait of Hormuz following several weeks of negotiations. The Iranian side said maps and a joint document had been prepared for presentation to the Gulf states. The proposal is aimed less at "reopening" the strait than at establishing a coordinated and more predictable route for commercial shipping amid the current crisis.

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