West Texas Intermediate & Dan Caine

West Texas Intermediate: West Texas Intermediate oil prices extended losses and dipped below $100 a barrel, indicating a positive market reaction to the de-escalation efforts.

Dan Caine: Dan Caine, Chairman of the US Joint Chiefs of Staff, confirmed US forces were ready to resume combat operations if ordered, but noted Iranian attacks were below the threshold for restarting major combat.

West Texas Intermediate: West Texas Intermediate crude rose significantly due to the escalation of attacks in the Middle East Gulf, settling at $106.42.

Dan Caine: General Dan Caine, Chairman of the US Joint Chiefs of Staff, stated that Iranian attacks are below the threshold of restarting major combat operations but noted Iran's repeated attacks on commercial vessels and US forces.

West Texas Intermediate: West Texas Intermediate crude oil prices have increased following the United States' decision to blockade Iranian ports, indicating market anxiety over potential supply shortages.

Dan Caine: General Dan Caine, chairman of the US military's Joint Chiefs of Staff, affirmed that American forces are 'ready to resume major combat operations at literally a moment's notice' and would use force to enforce the blockade.

Dan Caine: Dan Caine, Chairman of the Joint Chiefs of Staff, expressed serious concerns about the war's impact on United States weaponry stockpiles and the risks of Iran blocking the Strait of Hormuz, but presented options without directly opposing Donald Trump.