Gold, silver and platinum dropped 10% as the dollar strengthened. People who bought gold "just in case the world ends" are now watching the world end and gold fall at the same time. Multitasking.

Trump pauses Iran strikes for 5 days, citing "very good and productive conversations."

Spent $27 billion, launched 1,000+ strikes, crashed the S&P to a 6-month low, pushed the Fear Index to 8, sent oil to $112 — and wrote "very good and productive conversations, WITCH will continue." Three typos. In all caps. At midnight. Signed off with "THANK YOU FOR YOUR ATTENTION TO THIS MATTER" — like a complaint to building management about a leak. Except the leak is the Strait of Hormuz.

🛢 Russia's Finance Minister Siluanov says the government will "shortly" decide on steps to reduce budget dependency on oil prices. Translation: they've been meaning to do this since 2014.

🔥 BitMine (Tom Lee's Fundstrat) bought another 65,341 ETH last week. Now holds 4.66M ETH — 3.86% of total supply. One company owns almost 4% of Ethereum. Let that sink in.

🔥🇮🇷 Iran's Foreign Ministry stated that its position on the Strait of Hormuz and ceasefire conditions remain unchanged — IRNA

Iran has two main demands for ending the war: guarantees against future attacks and compensation for losses sustained — Middle East Eye

🔥⚠️🇮🇷 IRAN DENIES NEGOTIATIONS

⚠️🇺🇸 Goldman raised its US recession probability forecast to 30% from 25% over a 12-month horizon

⚠️🇮🇷 Iran has launched a new wave of missiles at Israeli and US targets in the Middle East

🇺🇸 Trump has an event underway. He may say something about Iran again.

🔥🇮🇷🇺🇸 Trump:

We have decimated Iran with fury

The US and Iran held productive talks

This time Iran is truly ready for a deal

I hope we will conclude this

We will not allow Iran to obtain nuclear weapons

We've destroyed everything in Iran

I've decided to suspend strikes on the energy sector

We destroyed, we destroyed, we destroyed

Iran has another opportunity to end its threats to America and its European allies

The stocks are great - DOW 50,000, SP500 7,000, but then Iran showed up

We've started really good negotiations now

We're giving them 5 days

We hope everything works out

Biden is a jerk

Democrats are jerks

⚠️🇮🇷 Iran has no intention of returning to a "pre-war" format of negotiations with the US

Reports of ongoing talks between the US and Iran do not reflect reality.

— Rasouli, adviser to the Speaker of the Iranian Parliament on political affairs, to Al-Mayadeen

The question of closing the Strait of Hormuz and mining it remains open pending any reckless actions by the US. Trump has no authority to set conditions or deadlines for negotiations. — Al Jazeera, citing a senior Iranian official

⚠️🇬🇧🇮🇷 A British destroyer has arrived in the Eastern Mediterranean to protect the base in Cyprus

🔥⚠️🇮🇷 Pentagon considering deploying airborne forces to Iran — NYT

⚠️🇮🇷 Plans to deploy thousands of Marines and sailors to the Middle East remain unchanged — military sources told CBS News

🔥🇷🇺 Russia will delay amendments to the fiscal rule until 2027 amid a sharp rise in energy prices. The need for spending cuts is also being questioned — RTRS

🔥⚠️🇮🇷 Israel stated that:

1) there is full coordination between the US and Israel on actions regarding Iran

2) chances of reaching a deal with Iran are very low

3) no direct negotiations between the parties yet

4) combat operations continue according to plans, and the lull in the last few hours is not related to Trump's statements

— RTRS

Netanyahu, in light of Washington's statements about contacts with Tehran, said Israel continues to strike Iran and Lebanon

🚫🛢️ IRGC: Iran has full control over the Strait of Hormuz

🔥❗️🇮🇷 IRAN: WAR WILL CONTINUE UNTIL ALL SANCTIONS ARE LIFTED AND COMPENSATION IS PAID

🔥❗️🇺🇸🇮🇷 Thousands of US Marines set to arrive in the Middle East on Friday, coinciding with Trump's Hormuz ultimatum deadline — WSJ

🇷🇺💎 ALROSA raised prices on large diamonds amid a shortage — Ъ