Markets are flying again

Oil jumped to $108, while gold, silver, and Bitcoin are all under selling pressure.
The move comes after Iran announced an attack on the largest gas field and promised retaliatory strikes on oil infrastructure. At the same time, U.S. PPI came in hotter than expected, rising 0.5% to 3.4% after forecasts called for it to hold at 2.9%.
There are now less than 6 hours left until the Fed’s rate decision. Powell is reportedly urgently rewriting his remarks for the press conference.