U.S. Vice President JD Vance postponed a trip to Switzerland where he was set to lead a new round of negotiations with Iran over its nuclear program. The White House said the delay was due to “difficult logistics” for the talks. The announcement followed a report by AlMayadeen that Iran was also delaying sending its delegation, citing Israel’s ongoing military campaign in Lebanon.

U.S. Vice President JD Vance said the U.S. Navy has allowed more than a dozen ships to pass through to Iranian ports, effectively lifting a prior maritime blockade. He also said 12.5 million barrels of oil transited the Strait of Hormuz shipping channel on Wednesday night. Vance described the move as early implementation of the agreement’s military provisions. He presented it as an immediate benefit while dismissing criticism that the deal favors Iran.

The Federal Reserve kept interest rates unchanged but removed language indicating the next move could be a cut, and it disclosed that 8 of 18 officials support a hike later in 2026. The shift went beyond market expectations and underscored rising inflation concerns along with the more hawkish stance of new chair Kevin Warsh. The decision jolted rate expectations, pushing U.S. Treasury yields higher and lifting the dollar, while adding pressure on equities and other risk assets.

International oil prices fell again on Tuesday, slipping below $80 per barrel for the first time since early March, the lowest level since then. U.S. stocks were mixed, with the Dow up 0.8%, the Nasdaq down 0.7% and the S&P 500 off 0.4%. The summary did not cite specific drivers, but said the broader context suggested easing geopolitical tensions or softer demand expectations weighed on crude prices.

Iran’s foreign minister said a U.S.-Iran ceasefire agreement would require Israeli forces to withdraw from Lebanon, a condition Israel has explicitly rejected. The deal’s details have not been made public, and the United States has not confirmed it. If talks collapse, fighting between the U.S. and Iran, as well as Israel and Iran via Hezbollah, could quickly escalate across multiple fronts. A sharper rise in Middle East tensions would increase the risk of oil supply disruptions, potentially jolting global crude markets.

An online platform widely used by Cubans in the United States to send money, food and clothing to relatives in Cuba has stopped taking orders as the Trump administration steps up pressure on Havana. Envioscuba.com said it is ceasing to accept new orders after successive rounds of U.S. sanctions aimed at cutting off international support for Cuban businesses. The latest measures target Cuba’s state-owned oil and gas company, President Miguel Diaz-Canel and the military-run business conglomerate GAESA, according to the Associated Press.