Oil Prices Fall Amid Prospects of Fast Reopening of Strait of Hormuz

Oil prices retreated in Asia on Thursday afternoon as traders bet on a swift reopening of the Strait of Hormuz, the critical waterway through which roughly one-fifth of global oil shipments are typically transported.

Warsh's Commitment to Inflation Fight Sparks Market Slide

Stocks fall and bond yields jump after central-bank officials signaled rates could rise by the end of the year.

Warsh Overhauls How the Fed Talks and Keeps Markets Guessing on Rates