Don't panic! Here's a summary of the positive weekend news.

Let me organize some positive news from the weekend for everyone.

First, an Indian oil tanker has just passed through the Strait of Hormuz. Japanese media also reported that Iran's foreign minister said they are prepared to allow Japanese ships to pass. It's important to note that Japan is a US ally, and previously they said US allies could not pass. So, if their foreign minister's words hold, it's a significant positive development.

Second, the US Treasury Department has relaxed sanctions on Iranian oil products for 30 days. This refers to oil already in transit, about 140 million barrels that could be quickly released into the global market. This has the potential to cool down the crazy oil prices.

Finally, their foreign minister said they are seeking a plan to completely end the war. Trump also said this morning he is considering gradually reducing military actions against them. I think both the US and Iran want to end it; they might just need a step down and a good plan.

Alright, I'll post any other major news. Thank you, everyone.

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