Iran Blinked, Oil Dropped 8%, and Trump May Not Even Care About the Strait Anymore
Iran released a 10-point peace framework; Trump reportedly told aides he'd end the Iran military campaign even if the Strait of Hormuz stays closed, sending oil prices down ~8%.
HIGH ALERT
A potential Iran ceasefire is reshaping global oil markets in real time, while simultaneous flashpoints — DHS funding standoffs, FBI document discoveries, and a sweeping crypto regulatory overhaul — make this one of the most consequential news cycles of the month.
Key Developments
Here's something that almost nobody is talking about this morning.
While the country was fixating on college sports and Medicaid data, the **two biggest military powers in the Middle East standoff quietly sent signals they might be done fighting**.
Iran's Supreme National Security Council released an official 10-point framework for a permanent peace deal with the United States on April 8th [9].
Ten points. Official. From Iran's top security body.
That alone is extraordinary.
But then the Wall Street Journal dropped something even more stunning: Trump reportedly told his aides he's **willing to end the military campaign against Iran even if the Strait of Hormuz stays largely closed** [90].
Read that again.
The stated reason the U.S. launched military operations against Iran — the threat to global oil shipping through the Strait of Hormuz — may no longer be the dealbreaker Trump said it was.
The market read it immediately.
Oil prices fell roughly **8% on the news** [90]. Stocks bounced. The dollar dipped. Bond yields came down.