1hr ago: (during negotiations) Iran refused to submit to demands to reopen the SoH until a final deal was reached, officials said: CNN

Trump on Iran negotiations: I told my team, I dont want 90% of what we want, I dont want 95% of what we want, I want everything

*TRUMP: FRANKLY, GAS PRICE HASN'T GONE UP AS MUCH AS I THOUGHT

*TRUMP: STOCK MARKET HASN'T GONE DOWN VERY MUCH AT ALL AFTER WAR

*TRUMP: IF I CATCH CHINA GIVING IRAN ARMS, IT'D GET 50% TARIFF

*TRUMP: I DOUBT CHINA WOULD SEND IRAN SHOULDER MISSILES

The signal from the aircraft carrying the Iranian delegation was lost near the city of Mashhad. It remains unclear whether the plane was headed to Mashhad or another city.

Donald, if you have to shoot, shoot. Don’t quack

- The chairman of the Israeli parliament national security committee and a member of Netanyahu's coalition

JB: Three questions:

1) Would the US stop Chinese-flagged vessels going in-and-out the Persian Gulf? And if the tankers don’t stop?

2) What’s the plan if the Houthis of Yemen blockade the Bab al-Mandeb?

3) Would the U.S. stop Iranian tankers loading at Jask (outside the SoH)?

According to Multiple Sources (reuters) Iran rejected these points during negotiations:

- end funding for Hamas, Hezbollah, Houthis
- open the Strait of Hormuz (until a final deal is reached)
- end to uranium enrichment
- dismantling of major enrichment facilities

Despite defiant statements from the U.S. and Iran the door remains open for further diplomacy and a second round of talks could be held within days, the officials said. Regional countries were also in consultation with the U.S. to secure an extension of the fragile two-week ceasefire period announced late Tuesday, they said: WSJ

Iranian parliamentary speaker Ghalibaf:

Enjoy the current pump figures. With the so-called 'blockade', Soon you'll be nostalgic for $4–$5 gas.

ΔO_BSOH>0 ⇒ f(f(O))>f(O)

U.S. Central Command (CENTCOM) forces will begin implementing a blockade of all maritime traffic entering and exiting Iranian ports on April 13 at 10 a.m. ET, in accordance with the President’s proclamation.

CENTCOM forces will not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports.

Iran FM: In intensive talks at highest level in 47 years, Iran engaged with U.S in good faith to end war.

But when just inches away from "Islamabad MoU", we encountered maximalism, shifting goalposts, and blockade.

Zero lessons earned

EUROPEAN GAS FUTURES RISE 17%

WTI CRUDE FUTURES TRADE BACK ABOVE $100

BRENT OIL SURGES 8% AT OPEN

S&P 500, NASDAQ 100 FUTURES FELL 1% AT OPEN