Iranian Foreign Minister Araghchi said any threats against the Iranian people or leadership will be met with an immediate, forceful response.

After the Supreme Court blocked President Trump’s attempt to remove Fed governor Cook, Fed Chair Kevin Warsh said the Fed has operated independently and will continue to do so and will abide by the court’s decision. He said he trusts Article III judges and the rule of law, that the ruling reaffirms the Fed’s commitment to impartial execution of its duties, and that the Fed will pursue reform goals and deliver Congress’s mandate to achieve price stability under the dual mandate — adding that if it achieves price stability, there is no need to fear political or judicial interference and the central bank can remain focused on its tasks.

Iranian parliament speaker Ghalibaf said that after the blockade was lifted the other side withdrew, and commercial shipping and oil tanker transit through the Gulf of Oman and the Strait of Hormuz have returned to normal.