Compass Investments

Iran has notified mediators that it intends to allow only 12 ships a day through the Strait of Hormuz, charging a fee.

On Wednesday, the Strait allowed only four ships through, and Press TV and Fars TV reported that tanker traffic and the Strait was shut down.

Wall Street was basically betting that Trump would back down as stocks soared and oil fell after he canceled planned strikes on Iran.

Iran is informing ships that it plans to allow only 12 ships a day through the Strait of Hormuz during the two-week truce agreed to with Trump, according to terms passed through mediators.

The Pakistani mediators said the ships must coordinate their movements with the Islamic Revolutionary Guard Corps (IRGC) prior to passage.

As Cryptopolitan previously reported, ship brokers and intermediaries said that payment terms should be agreed upon in advance, not upon arrival, and money should be paid in cryptocurrency or Chinese yuan.

In a war unjustifiably launched by the U.S. and Israel, Iran gained de facto control of the waterway, attacking ships attempting to pass through without proper authorization.

the Iranian-linked media added fuel to the fire. Press TV announced the closure of the Strait of Hormuz. Earlier, the state-run Fars news agency reported about the temporary suspension of oil tanker traffic through the strait during the ongoing Israeli attacks on Lebanon.

Meanwhile, Iranian Parliament Speaker Mohammad Bagher Ghalibaf on Wednesday accused the U.S. of violating the two-week agreement. In a statement on social media, he said:

{The deep historical mistrust we have for the United States stems from its constant non-compliance with any commitments and this pattern is unfortunately repeating itself once again.

Only four ships were allowed through on Wednesday, the lowest April total, according to S&P Global Market Intelligence.

While shipping companies grappled with duties, passes and transit restrictions, traders on Wall Street continued to play on another idea known as the TACO trade, which stands for Trump Always Chickens Out.

That belief was evident before Trump canceled planned strikes on Iran minutes before the 8 p.m. ET deadline, sending cryptocurrency stocks soaring and oil plummeting.

Earlier Tuesday, Trump warned that an entire civilization will disappear tonight and it will be impossible to rebuild.

But traders were already leaning that way before the official pause, with the S&P 500 Index posting its first weekly gain in six weeks, up 3.4% . According to Barclays, options on the S&P 500 show only a minimal risk premium before expiration. Adam Cobasey wrote in a post on X: Systematic investors are operating in what may be the most favorable environment in the history of the market

at this time.