Thursday Afternoon Links

[CNBC] S&P 500 pulls back from record as oil prices gain momentum: Live updates

[Yahoo/Bloomberg] Oil Steadies as US and Iran Weigh Deal to Reopen Hormuz

[AP] Iran creates new agency to control shipping in Strait of Hormuz while reviewing peace deal with US

[Axios] Why an AI productivity boom could justify higher rates

[Reuters] US construction spending rebounds in March

[Yahoo Finance] Fed's Hammack looks to hold rates for 'quite some time' amid Iran conflict and uncertainty

[Yahoo/Bloomberg] Fed’s Collins Favored Changing FOMC Statement With Dissenters

[MSN/WP] US Intelligence Says Iran Can Outlast Trump's Hormuz Blockade for Months

[NYT] As U.S. Debt Hits a Worrying Milestone, Washington Barely Notices

[NYT] Stocks Are Exuberant. Bonds Are Subdued. Why the Divergence?

[WSJ] Saudi Arabia, Kuwait Lift Curbs on U.S. Military Access to Bases, Airspace

[WSJ] America’s Slightly-Better-Than-Usual Job Market

[FT] Trump halted ‘Project Freedom’ after Saudi Arabia withheld support

[FT] IMF warns new AI models risk ‘systemic’ shock to finance

[FT] Wall Street rebound driven by smallest number of stocks on record