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Moments before the NYP report, Trump posted on social media that the conflict could end if Iran agrees to terms already discussed, warning that if they don’t comply, “the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before.”
A couple of hours ago, Trump had reportedly said it’s “too soon” to start preparing for peace talks with Iran despite optimistic reports suggesting the two nations are nearing a framework agreement to end their 67-day conflict.
According to Kobeissi, crude fell more than 12% by 7 a.m. ET, leaving the short position with an estimated $125M gain. Oil later reversed sharply after Iran announced the so-called “Persian Gulf Strait Authority,” sending prices up 8%. It remains unclear who was behind the trade.
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