MARKETS INCREASINGLY PRICE TWO MORE FED RATE HIKES AFTER GOVERNOR MICHAEL BARR SAID FURTHER TIGHTENING MAY BE NEEDED, WHILE IRAN’S PRESIDENT SAID TEHRAN WILL NOT ALLOW FREEDOM OF NAVIGATION THROUGH THE STRAIT OF HORMUZ UNDER SANCTIONS AND A U.S. BLOCKADE; THE U.S. IS ALSO WORKING WITH REFINERS ON VOLUNTARY LIMITS TO DIESEL EXPORTS.