What You Need to Know Today:

Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. President Trump claimed the drone strikes violated the ceasefire between the two countries. No casualties were reported and markets seemed to shrug off the news. President Trump signed an executive order to expand research into regenerative agriculture and develop alternatives to conventional crop protection active ingredients under the Make America Healthy Again initiative. Agriculture Secretary Brooke Rollins announced the release of the USDA’s...