Feilong Daily | April 24, 2026 The ceasefire has only been extended for one day, and Iran has already taken action. Three ships were fired upon and two were detained in the Strait of Hormuz, and Maersk confirmed that the strait was completely at a standstill. Oil prices continue to rise. But this is a mutually damaging stalemate: the strait is sealed, Iran's own oil cannot be exported, and it cannot make money. The US military has been fighting here for almost 60 days, and King Dong will face pressure from Congress. Neither side can hold on for too long. So the biggest fear is not continuing the stalemate, but suddenly negotiating a peace deal and causing a big bearish candlestick in oil prices to fall. I have already liquidated half of my crude oil position and kept the other half to follow. Wait for the conversation and signal to come out before bringing it back. The spot market is waiting for a new low in the market before making regular investments, with contracts mainly at high levels above 80000 yuan. ETF funds are still flowing in, and micro strategies are still being bought. Next week's FOMC (April 28-29), be cautious and avoid risks. After 8 out of the past 9 meetings, it has fallen. It's better to play one more level of Meme than to avoid knockoffs.