UNCERTAINTY IS BACK AT ITS PEAK TODAY. Just 24 hours ago, Iran announced that the Strait of Hormuz was fully open to all, and Trump confirmed this. Now, everything has reversed. • Iran has closed the strait again and placed it under “tight military control and supervision.” Reason: Trump’s refusal to lift the U.S. naval blockade on Iranian ports. Iran labeled this “America’s unreliability.” • IRGC (Revolutionary Guard) speedboats fired warning shots at a tanker passing through the strait without prior notice. Indian-flagged supertankers were forced to turn back after the shots were fired. • Iran has rejected the next round of peace negotiations. • The U.S. naval blockade remains fully in effect. Since Monday, 21 vessels have been turned away from Iranian ports. • Iran states it will not hand over its enriched uranium to the U.S. The ceasefire ends Wednesday. Trump said, “We may have to restart bombing” if no agreement is reached. All of this is unfolding while markets are closed for the weekend. Volatility is expected on Monday.
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