Standstill in the Strait of Hormuz, new inflation data, Warsh's Senate hearing and more in Morning Squawk

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Happy Friday. Have any letters you’ve been meaning to send? You might want to get them in the mail sooner rather than later: The U.S. Postal Service is looking to hike prices as it goes through what it calls a “severe financial crisis.”

Stock futures are little changed this morning after adding to their post-ceasefire rally in yesterday’s session.

Here are five key things investors need to know to start the trading day:

U.S. oil dropped below $100 this morning as tanker traffic through the Strait of Hormuz remains at a near standstill, despite the U.S.-Iran ceasefire agreement announced Tuesday.