According to CoinMeta, among the global news on Wednesday, Federal Reserve Chairman Jerome Powell stated that it would be appropriate to raise interest rates once more this year, and he expects there to be no need to raise rates in 2027. Meanwhile, the three major U.S. stock indices closed lower, with semiconductor and storage stocks declining. The U.S. Central Command stated that the Strait of Hormuz is under control of U.S. forces and regional partners, and they assisted Gulf region partners in transporting over 19 million barrels of crude oil out of the area. Israeli Prime Minister Benjamin Netanyahu discussed the possibility of military strikes against Iran with U.S. President Donald Trump. An administrative office building owned by Saudi Aramco in Zahran, eastern Saudi Arabia, was attacked, but no injuries were reported.