The US-Iran ceasefire agreement falls apart, and Hormuz is closed again.

A little after 3 p.m., the store was pretty empty. I leaned against the cash register and scrolled on my phone.

I came across #美伊60天停火协议实质破裂 .

I tapped in to watch a few clips. A Panamanian-flagged oil tanker was attacked by a drone in the Strait of Hormuz. The U.S. military then carried out airstrikes on southern Iran, and Iran’s Islamic Revolutionary Guard Corps announced retaliatory strikes on four U.S. bases. Trump said, “If the military operation is completed, Iran will no longer exist.”

The ceasefire agreement—gone.

In the group chat, people were already shouting: Oil prices are going up—buy now! Others were shouting: War has broken out, $BTC is going down. Both sides were calling loudly, but I didn’t make a move.

With news like this, your first reaction is often the most expensive. Oil prices going up is true, and BTC falling is also true—but the market always runs faster than you do. By the time you see the news and enter the market, it’s already too late. Last time, with Hormuz opening and closing on and off for nearly a month, the market had already grown numb to it. Put your phone away, and keep restocking inventory. In situations like this, watching the drama is safer than taking action.

The ceasefire agreement is gone, and Hormuz is closed again.