Iranian Parliament Speaker Mohammad Bagher Ghalibaf posted on X, citing the Taylor equation to mock US interest rates and claiming Iran sets the Strait of Hormuz risk premium. Hours later, the US Federal Reserve raised its benchmark interest rate by 25 basis points, the first increase in three years. Fed Chairman Kevin Warsh stated that renewed fighting between the US and Iran, which pushed up petrol prices, helped convince officials to support higher rates. Analysts from IG Group and Wealth Club noted the Iran conflict was a significant, though not sole, driver of the hike, alongside AI investment and domestic demand.