Syz the moment

Deal pretty much wrapped up' sparking a plunge in oil (ignoring denials), spike in stocks, and big drop in yields (shrugging off hot headline PPI and ECB rate-hikes). CNN reports that this is the 38th time that President Trump has declared a peace deal is imminent... Source: zerohedge

"At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets, much like we have with Venezuela" Markets do not seem to care anymore...

Canada, Mexico, the EU, Taiwan, and the UK would face a 10% tariff. China, India, Japan, South Korea, Brazil, Switzerland, and other major economies would face a 12.5% tariff. The tariffs are not immediate. Written comments are due July 6, with public hearings starting July 7, so the final rules could still change before implementation. Source: Wall St Engine

A proposed geopolitical framework reportedly backed by Donald Trump would require nine Middle Eastern nations to simultaneously sign or support the Abraham Accords, with no exceptions allowed. Saudi Arabia, Qatar, Pakistan, Türkiye, Egypt, and Jordan would all need to formally normalize relations with Israel, while the UAE and Bahrain would reinforce the coalition as existing members. Iran was reportedly offered the possibility to join under the condition of recognizing Israel, otherwise remaining isolated and in conflict. The proposal emphasizes that the agreement must happen collectively or fail entirely. Supporters see it as an attempt to reshape regional alliances, while critics view it as highly unrealistic given current tensions and political divisions. Source: Roland Carter

He has called off a planned military attack on Iran that was scheduled for tomorrow after the leaders of Qatar, Saudi Arabia, and the UAE personally asked him to pause, telling him a deal is within reach. Trump has ordered the military to be ready to launch a full scale attack on a moment's notice if an acceptable deal is not reached and The deal must include no nuclear weapons for Iran. Source: Bull Theory

The scheme never got off the ground, according to insurance brokers, as it did not fulfil all the requirements needed for ships transiting the strait and was tied to a US naval escort for vessels, which has not been established. Source: Alexander Stahel on X, FT

Not vague summaries. Not "productive talks." NAMED COMMITMENTS. SPECIFIC POINTS. Item by item. 🇺🇸 US companies get expanded access to Chinese markets — signed off in Beijing, May 14 🇨🇳 China increases investment into the United States 🇺🇸 China cracks down harder on fentanyl flowing into America 🌾 China buys more American agricultural products 🛢 Hormuz Strait must stay open — both sides committed in writing ⚓ China explicitly opposes militarization of the Strait of Hormuz ⛽ China opposes anyone charging tolls to pass through Hormuz 🛳 China will buy MORE American oil specifically to reduce its own dependence on the Hormuz route ☢️ Both sides agree: Iran cannot have nuclear weapons 💀 9 named commitments 💀 ZERO quantitative targets in the readout 💀 ZERO new enforcement board created 💀 100% of the Hormuz points exist because Iran nearly shut the world's oil supply in February 2026 Source: Ronald Carter on X

He highlighted military pressure on Iran, adding “(to be continued!),” which analysts interpret as signaling the Iran conflict remains unresolved. Trump also said Xi privately pledged not to send military equipment to Iran and offered help securing stability in the Strait of Hormuz. Source: Shanaka Anslem Perera ⚡