The two-week ceasefire between the US and Iran is set to expire tomorrow at 7:50 AM, so the market is fiercely debating whether to extend the ceasefire or hold a second round of negotiations. Currently, both sides are still exerting maximum pressure, and it seems that Iran holds more initiative. If the final outcome is that there will be no second negotiations and fighting resumes, oil prices will inevitably continue to surge, possibly exceeding 100. If a compromise is reached at the last minute or with a one-day delay, prices might plunge back to around 80-85.

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