Iran has opened the Strait of Hormuz 🛢
Major progress. The Iranian Foreign Minister announced: passage for all commercial vessels is open. Oil immediately plunged — Brent minus 8.5%, WTI minus 9.4%. Stocks and Bitcoin went up.
⚙️ But this is temporary
The opening is valid only for the period of the 10-day ceasefire between Israel and Hezbollah. On Sunday, negotiations on Iran will be held in Islamabad — that is where it will be decided whether this is the start of de-escalation or just a pause before a new round.
📍 Practical reality
The first tanker has already passed — the Pakistani Shalamar with oil from the UAE. But before this, traffic through the strait had dropped by 90%. Insurance, mines, military risks — all of this remains in place.
If negotiations fail, oil prices will return just as quickly as they fell.#CLUSDT $BTC $ETH