Last night, the US stock market was in control of trading conflicts or said that "the United States continues to be great". The market was also boosted by Trump's speech last night, believing that Iran has been seized. You see, last night, the NASDAQ opened low and went high, and the pie should also be brought up by the US stock market. But is it still yesterday's tweet https://(x.com)/qinbufark/status/2028343749873668349? As we discussed, the market trend still depends on the shipping issues in the Strait of Hormuz: Iran is currently dominated by hardliners (the Supreme Temporary Leadership Council and military security), and the Strait of Hormuz has essentially been shut down. This morning, Iran explicitly stated that it would block the strait, and the market realized that the matter is not yet over. The substantial suspension of navigation in the strait may not be short, and risk preferences have also changed. Now that both sides have expressed a "reckless" attitude, it depends on when the United States can really subdue Iran and return to negotiations. That's when the suspension of cross-strait flights will have a reduced impact on the market. If the first European, American or Gulf country oil tanker safely passes through the Strait of Hormuz in the future, it means that the impact of the Iran situation on the market will begin to completely dissipate.