The biggest news today is that the United States has already or is currently seeking negotiations with Iran. According to multiple sources, the common information suggests a possible one-month ceasefire first, during which at minimum third-party vessels can pass safely through the Strait of Hormuz. Of course, this also benefits from Trump's TACO approach, allowing both sides to remain calmer. The rumored focus of negotiations is still to get Iran to abandon nuclear weapons, though Iran has not yet acknowledged that negotiations are underway.

Influenced by the negotiation news, WTI crude oil prices have fallen below $90 per barrel. Although there is a possibility that the war may come to an end, Reuters and Ipsos polls found that Trump's approval rating has dropped to 36%, the lowest since his return to the White House, and 61% of respondents oppose U.S. airstrikes against Iran. Trump’s headache is growing now.