While eating outside, I saw the news about Iran angrily criticizing the American media. I don't know if the American media and Trump share the same personality, but they started to exaggerate the facts, and as a result, the originally good mood was directly brought down by Iran. If you hadn't boasted early, the market wouldn't have reversed so severely. Now they are even facing backlash.

However, I do estimate that the possibility of escalation between both sides is still very low. They should first discuss the Strait of Hormuz issue as Iran mentioned, resolve the immediate concerns, and then talk about other matters. For now, let's see if oil prices can stabilize below $90 this week.

I also believe the overall trend towards a complete ceasefire between the U.S. and Iran should be positive, as long as Trump doesn’t keep talking nonsense. Nonsense plus TACO, that's quite embarrassing.

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