President Donald Trump has cast a fragile two-week ceasefire between the United States and Iran as a “total and complete victory.” But the terms of the truce highlight how Iran has used control of the Strait of Hormuz to gain enormous leverage over the global economy. Source: cnn.com

The ceasefire triggered a big stock rally on Wednesday. Market commentators emphasize the fragility of the deal and the potential for more volatility. Source: businessinsider.com

David Rosenberg, founder of Rosenberg Research, joins ‘Money Movers’ to discuss the Iran war, the state of the labor market, and more. Source: cnbc.com

The backlog of stranded ships could take weeks to clear even under ideal circumstances. Source: axios.com

All of the 25 largest NCAA on-campus college baseball crowds are now owned by the Bulldogs. Source: clarionledger.com

Odds for a reduction jumped Wednesday morning, hitting about 43%, according to the CME Group. Source: cnbc.com