Trump directly laid all his cards on the table:

"Iran may or may not come to the negotiating table, it doesn't matter."
"Ceasefire agreement? Very unlikely to be extended."
"Not signing the agreement, Hormuz shouldn't expect to loosen its grip."
On one side is an empty chair at the negotiation table, on the other is the life and death line of 30% of the world's oil routes.
The market is now betting not on "whether negotiations will succeed," but on "whether oil tankers can safely pass through the strait after the ceasefire expires."
The premium of crude oil $CL has quietly been rising, and the risk aversion sentiment for gold $XAU is also beginning to surface.

XAUUSDT
Perpetual
4,808.47
+0.07%

CLUSDT
Perpetual
86.8
-0.1%
This is not negotiation; it's directly placing the powder keg of the Persian Gulf in front of everyone.
In the coming days, any small change could directly trigger significant volatility.