Trump Signs Iran MoU, Warsh Rocks Bond Market in Debut | The Opening Trade 6/18/2026

President Donald Trump and his team had several red lines that they used to justify the US war against Iran. At a press conference on Wednesday, Trump largely brushed them aside. Traders dumped short-term Treasuries and piled into betting on interest rate hikes as soon as next month after Kevin Warsh used his debut press conference as Federal Reserve chairman to make clear the central bank won’t tolerate high inflation. The Opening Trade has everything you need to know as markets open across E...