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Kevin Warsh's nomination to lead the Federal Reserve could still be delayed by a Justice Department investigation into the current chair, Jerome H. Powell.
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Iranian leaders fear being burned again by President Trump, who tore up a nuclear agreement reached during the Obama administration after lengthy negotiations.
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(First column, 10th story, link)
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The Strait of Hormuz is closed to shipping traffic after Iran once again shut off access to the key waterway over the weekend in retaliation for the ongoing U.S. blockade on Iranian ports. This comes as the U.S. Navy intercepted and seized an Iranian-flagged cargo ship in the Sea of Oman on Sunday. Iran said the seizure violated the ceasefire reached earlier this month. Despite the escalation, President Trump announced a U.S. delegation is heading to Pakistan for a new round of peace talks. Iran's Foreign Ministry says Tehran has "no plans" to participate.
There has been a "gradual escalation" in hostilities between the U.S. and Iran since the last round of talks in Islamabad, says Iranian American analyst Vali Nasr, professor at the Johns Hopkins School of Advanced International Studies. Iran's leadership is "suspicious that President Trump was really using the talks in Pakistan as a cover for renewing war on Iran and that he was not serious about diplomacy."
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