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The U.S. just sank two Iranian ships laying mines in Hormuz and took out a missile launcher at a southern port, claiming self-defense. Iran fired back immediately.

Negotiations are progressing better, with both sides making significant concessions regarding Hormuz and frozen assets, but the nuclear issue is still a sticking point. According to Nikkei, they are discussing a formal ceasefire agreement for 60 days to allow nuclear negotiations, during which Iran will have 30 days to clear the mines and reopen Hormuz.

Oil dropped to $93 yesterday but is bouncing back slightly this morning. U.S. stocks are in the green, and Bitcoin is still hovering around $76-77k.
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