REAR VIEW: US/Iran trade retaliatory strikes; Kuwait international airport struck, with both US & Iran blaming each other; Iran FM said no established method for US/Iran negotiations now; Trump said working on a deal with Iran; US ADP tops expectations; Strong headline US ISM Services PMI report, although prices remained elevated; Barr said policy in good place; Williams noted no obvious argument to alter interest rates currently; MRVL gains continue.

Iran responds to Israeli aggression in Lebanon by halting negotiations and closing Hormuz and Bab al-Mandab Straits; Trump brokers Hezbollah/Israel ceasefire agreement; MSFT and…

US President Trump told ABC News he thinks he will have an agreement with Iran to extend the ceasefire and reopen the Strait of Hormuz over the next week.