{"id":62435,"date":"2026-05-27T22:38:18","date_gmt":"2026-05-28T02:38:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-strikes-iranian-targets-near-hormuz-as-fed-warns-of-persistent-energy-inflation\/62435\/"},"modified":"2026-05-27T22:38:18","modified_gmt":"2026-05-28T02:38:18","slug":"us-strikes-iranian-targets-near-hormuz-as-fed-warns-of-persistent-energy-inflation","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-strikes-iranian-targets-near-hormuz-as-fed-warns-of-persistent-energy-inflation\/62435\/","title":{"rendered":"US Strikes Iranian Targets Near Hormuz as Fed Warns of Persistent Energy Inflation"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>US military forces conducted strikes on an Iranian site in Bandar Abbas<\/strong> following a confrontation between the Revolutionary Guard and a US oil tanker in the <strong>Strait of Hormuz<\/strong>.<\/li>\n<li><strong>Federal Reserve official Austan Goolsbee<\/strong> warned that energy inflation has been more persistent than anticipated, creating a <strong>&quot;stagflation-type shock&quot;<\/strong> for Asian economies.<\/li>\n<li><strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>) H200 GPU prices<\/strong> are reportedly dropping sharply as long-standing AI chip supply constraints finally begin to ease.<\/li>\n<li><strong>The Bank of Korea (BOK)<\/strong> saw a split decision in its latest policy meeting, with two board members dissenting and calling for rates to reach <strong>3.25% within six months<\/strong>.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold prices<\/a> fell nearly 1%<\/strong> to trade at <strong>$4,412.25 per ounce<\/strong>, while the <strong>Canadian Dollar<\/strong> hit its lowest level since mid-April due to escalating Middle East risks.<\/li>\n<\/ul>\n<h2>Geopolitical Tensions Flare in the Strait of Hormuz<\/h2>\n<p>Geopolitical risks surged on Thursday after <strong>US forces attacked a military site in Bandar Abbas<\/strong>, Iran. According to the <strong>Tasnim Iranian Agency<\/strong>, the strike was a direct response to the <strong>Revolutionary Guard<\/strong> confronting a US oil tanker attempting to transit the <strong>Strait of Hormuz<\/strong>. While Iranian sources reported no casualties from the strike, the <strong>US Treasury<\/strong> moved quickly to sanction the <strong>\u201cStrait of Hormuz Authority,\u201d<\/strong> further targeting Iran\u2019s shipping and energy networks.<\/p>\n<p>The escalation has sent ripples through currency markets, with the <strong>Canadian Dollar<\/strong> struggling near the <strong>mid-1.3800s against the USD<\/strong>, its lowest level since April 13. <em>Investors are increasingly pricing in a &quot;war premium&quot; as the threat to global energy transit routes intensifies.<\/em><\/p>\n<h2>Fed\u2019s Goolsbee Warns of Persistent Inflation<\/h2>\n<p>Chicago Fed President <strong>Austan Goolsbee<\/strong> told <strong>CNBC<\/strong> that <strong>energy inflation has shown greater persistence<\/strong> than the central bank originally expected. Goolsbee noted that the current economic climate in <strong>Asia<\/strong> resembles a <strong>traditional stagflation-type shock<\/strong>, where slowing growth meets rising costs.<\/p>\n<p>These comments come as global markets grapple with volatile energy prices exacerbated by the conflict in the Middle East. <em>Goolsbee\u2019s hawkish tone suggests that the path to lower interest rates may be more complicated than market participants had hoped.<\/em><\/p>\n<h2>Central Bank Divergence in Asia<\/h2>\n<p>The <strong>Bank of Korea (BOK)<\/strong> maintained a cautious stance on Thursday, though internal divisions are becoming apparent. Board members <strong>Chang Yong-sung<\/strong> and <strong>Ryoo Sang-dai<\/strong> dissented during the monetary policy vote, with some members projecting a move toward <strong>3.25%<\/strong> in the near term. The BOK emphasized that it will continue to monitor <strong>inflation pressures<\/strong> and <strong>sharp currency market fluctuations<\/strong> before making further moves.<\/p>\n<p>In Japan, <strong>Finance Minister Katayama<\/strong> reiterated that while the <strong>Bank of Japan (BOJ)<\/strong> must work in close coordination with the government, its <strong>monetary policy independence<\/strong> remains a priority. Katayama expressed support for policies that sustainably achieve a <strong>2% inflation target<\/strong> alongside improving wage conditions. Following these remarks, the <strong>10-year Japanese government bond yield<\/strong> slipped slightly to <strong>2.685%<\/strong>.<\/p>\n<h2>Tech and Commodity Market Shifts<\/h2>\n<p>In the technology sector, <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> is seeing a significant shift in the secondary market as <strong>H200 GPU prices reportedly drop sharply<\/strong>. This price correction is attributed to the <strong>easing of AI chip supply constraints<\/strong>, which had previously kept prices at record highs. Meanwhile, <strong>Alibaba Group (<a href=\"\/stock\/BABA\">BABA<\/a>)<\/strong> shares in Hong Kong <strong>dropped 3%<\/strong> during Thursday&#39;s session, reflecting broader cautious sentiment in Chinese equities.<\/p>\n<p>Commodities also faced pressure, with <strong>spot gold slipping nearly 1%<\/strong> to <strong>$4,412.25 per ounce<\/strong>. In economic data, <strong>Australia<\/strong> reported a mixed bag: <strong>Private Capital Expenditure<\/strong> for Q1 surged by <strong>6.5%<\/strong>, far exceeding estimates of 1.0%, but <strong>Household Spending<\/strong> for April disappointed with a <strong>-1.1% contraction<\/strong>, indicating that high interest rates are weighing heavily on domestic consumers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways US military forces conducted strikes on an Iranian site in Bandar Abbas following a confrontation between the Revolutionary 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