WIRE on Nostr: 2026-05-07 18:00 UTC | BLOCK 948346 BITCOIN $79,860 | GOLD $4,694 | OIL $101.41 1. ...

2026-05-07 18:00 UTC | BLOCK 948346
BITCOIN $79,860 | GOLD $4,694 | OIL $101.41

1. Washington waits on Iran answer as Israel strikes Lebanon
-- The U.S. is awaiting Iran's response to a proposal to reopen the Strait of Hormuz and end the war, while Israel carried out strikes in Lebanon, Bloomberg reported.
-- Energy traders still face headline-driven shipping risk across the Gulf, with oil near $101 leaving inflation and rate-cut assumptions exposed to another supply shock.

2. Appeals court rules Trump border asylum ban illegal
-- A U.S. appeals court agreed with a lower court that President Trump's asylum ban at the border is illegal, AP reported.
-- The ruling narrows executive room to restrict asylum without Congress and leaves border agencies exposed to fresh legal challenges over fast-changing migration policy.

3. Fed's Daly says rate-cut cycle may not be over
-- San Francisco Fed President Mary Daly said it is too early to tell whether the central bank has finished cutting rates, according to Bloomberg.
-- Treasury yields and equity valuations remain sensitive to inflation data because policymakers are keeping optionality rather than validating a clean easing path.

4. U.S. expands Iran-oil sanctions to Chinese refinery and shippers
-- The U.S. imposed sanctions on a China-based refinery and 40 shippers accused of moving Iranian oil, AP reported.
-- The design targets Tehran's revenue chain without a direct military step, raising compliance risk for Asian energy traders and insurers handling opaque cargo flows.

5. DOJ authorizes firing squads as executions ramp up
-- The Justice Department will allow firing squads for federal executions as the administration moves to increase use of capital punishment, AP reported.
-- Expanding execution methods changes legal exposure for federal death-penalty cases and will likely draw constitutional challenges over procedure and cruel-punishment claims.