The ceasefire is gradually fading away, and the US and Iran have issued ultimatums to each other. Yesterday, the market was fluctuating back and forth around the news of the US Iran ceasefire negotiations. If you read this tweet from the day before yesterday, you should understand that Iran is finding it difficult to open the strait at this moment: because they still control the bottom card of this asymmetric advantage, and the US and Israel have not knocked out this card or made Iran more painful, then Iran is even less likely to let go. This determines that the current negotiation conditions between the two sides will have a significant gap. According to Wall Street Daily reports, the mediator is pessimistic about Iran's "surrender" and reopening of the Strait of Hormuz before the deadline set by US President Trump, and hopes for a ceasefire agreement between the US and Iran are gradually fading. According to reports, some US officials have stated that the gap between the US and Iran positions is too large to narrow before the deadline set by Trump at 20:00 Eastern Time on the 7th. On the other hand, Iran has also become more assertive. Mahdi Mohammadi, an advisor to the Iranian Speaker of Parliament, said on social media on the 7th that Iran has clearly won the war and only accepts a final situation: consolidating its achievements and establishing a new security system in the region. US President Trump now has about 20 hours to either yield to Iran or his allies will retreat back to the Stone Age. We will never back down If you don't back down, there is a high probability of further escalation and rampage. And before the deadline of 8am tomorrow morning, both sides have actually started to fight fiercely today: 1) Israel has hit Iran's petrochemical industrial facilities in Assaluyah and Mahshahr twice, destroying most of their petrochemical production capacity. 2) Then the Jubail Industrial City in Saudi Arabia caught fire today after being hit by Iranian missiles at the SABIC petrochemical center - one of the world's largest integrated chemical bases. 3) Just now, I saw media reports that the identity of the explosion on Halk Island was also reported to have been bombed by the United States and Israel. It seems that we are about to enter the most chaotic and brutal period of the Iran situation. When the negotiation path fails, it can only be seen on the battlefield, and both sides may have to give their all. Either Iran can really be hurt, and the ceasefire conditions will be greatly discounted; Either the United States really can't play anymore and just discard the cards. This article is sponsored by @ bitget_zh, titled 'Bitget Buying US Stocks: Instant Entry, Smooth Trading'