BY TYLER DURDEN
SUNDAY, APR 26, 2026 – 09:50 PM
Update (10:30pm): Just when it seemed that the market may have its first red Monday in a while – and the semiconductor bubble may actually have a down day after a ridiculous 18 day streak higher – the Trump-Axios plunge protection team struck again, and courtesy of Axios’ in-house market levitator, Barak Ravid, whose specialty is creating cheerful market narratives to preserve faith that the Strait of Hormuz will open any second now, coupled with a few strategically timed flashing red headlines from Bloomberg, futures surged to a new record high, and oil pared after Axios reported that Iran offered the US a new proposal to reopen the Strait of Hormuz.
🚨President Trump is expected to hold on Monday a situation room meeting on Iran with his top national security and foreign policy team
🚨The meeting is expected to discuss the current stalemate in the negotiations with Iran and potential options for the next steps in the war https://t.co/nevd1SjWhd— Barak Ravid (@BarakRavid) April 27, 2026
According to the report, which is a rerun of news which hit about 12 hours earlier on Sunday, Axios ran earlier in the day but which no algos noticed, Iran – through Pakistani mediators – gave the Trump admin a new proposal for reaching a deal on the reopening of the Strait of Hormuz and the ending of the war, however with nuclear negotiations postponed for a later stage, something which Trump has repeatedly said is a non-started.
The news aligns with market expectations that Iran and the United States would eventually reach an agreement,” said Yugo Tsuboi, chief strategist at Daiwa Securities Co. “The headline came at a good time as we head into peak earnings season.” Of course, the Trump admin is well aware of that.
Separately, Axios reported, citing the usual group of "anonymous sources", that Trump is expected to hold on Monday a situation room meeting on Iran with his top national security and foreign policy team. The meeting is expected to discuss the current stalemate in the negotiations with Iran and potential options for the next steps in the war.
Trump signaled in an interview with Fox News on Sunday that he wants to continue the naval blockade, hoping that it will get Iran to cave in the next few weeks when its oil facilities could be under risk of collapsing due to the inability to export oil.
"When you have vast amounts of oil pouring through your system … if for any reason this line is closed because you can’t put it into containers or ships … what happens is that line explodes from within “they say they only have about three days before that happens," Trump said.
"And when it explodes you can never rebuild it the way it was…it would only be 50% of what it is right now. So I think they are under pressure."
We previously discussed the risk to Iran’s infrastructure as a result of shut ins in "Tehran Timeline: Iran Has 15 Days Until Its Oil Industry Begins Full Shut-Ins."
Source:
https://www.zerohedge.com/markets/futures-slide-oil-jumps-3-week-high-after-iran-talks-collapse
Liên Minh Bảo Hiến Mỹ Gốc Việt
Vietnamese American Conservative Alliance (VACA)
https://freedom-vaca.org/vaca-blog-tieng-viet-nam/