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Trump says the temporary ceasefire agreement between the US and Iran has ended.

1 hours ago

US President Donald Trump said the temporary ceasefire deal he reached with Iran has ended, raising the risk of a resumption of military conflict between the two countries. "For me, I think it’s over," he told reporters Wednesday at the NATO annual summit. "As far as I’m concerned, it’s just a waste of time." Shortly before Trump’s remarks, the US launched a new round of strikes against Iran and revoked waivers that had allowed Iran to sell its oil. The actions, in response to recent attacks on vessels in the Strait of Hormuz, have sparked new volatility in energy markets and tested the already fragile peace between the two nations. Trump stated: "I don’t want to deal with them, but they are scum. You know what scum is? They are scum. They are sick people, led by sick people, they are vicious and violent, and if they had nuclear weapons, they would use them." Still, Trump said he would not prevent negotiators from continuing contacts, though he expressed pessimism about the approach. He added: "They have problems, they are crazy. They can talk, but I think it’s a waste of time." (Jinshi)

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Israel is preparing to rejoin the war against Iran.

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An hour prior to Trump's statement, an on-chain address increased its short positions, and its $21 million long oil, short Nasdaq position has reaped substantial profits.

According to Hyperinsight monitoring, the address starting with 0xec4 opened a 20x leveraged long Brent crude oil position two days ago, then added a large 30x leveraged Nasdaq 100 (XYZ100) short position roughly one hour before Trump’s Middle East remarks triggered market volatility, finalizing the setup. Afterward, oil prices surged and risk assets came under pressure, with both positions realizing floating gains simultaneously. As of press time, the combined floating profit from the address’s two high-leverage positions stands at roughly $510,000. The Brent crude long position has returned 189%, while the Nasdaq 100 short position has gained 37%. Entry timelines: July 6 afternoon: Opened a 20x leveraged long Brent crude oil (BRENTOIL) position; July 7 evening: Initiated a base position of Nasdaq 100 mapped contracts (XYZ100) with 30x leverage, totaling ~200 contracts; This afternoon (about one hour ahead of the remarks): Significantly added to the short position, pushing XYZ100 shorts to 600 contracts, valued at ~$17.304 million, completing the setup just before the news broke. On the news front, Trump’s latest comments indicated that the temporary U.S.-Iran ceasefire arrangements may have ended, leading the market to reprice Middle East geopolitical risk premiums. Reports show crude oil futures jumped roughly 5% immediately following the remarks. Current core positions: Brent crude oil (BRENTOIL) long: 50,000 contracts, worth ~$3.915 million, average entry price $71.8645, liquidation price $37.26, floating profit ~$322,000; Nasdaq 100 mapped contracts (XYZ100) short: 600 contracts, worth ~$17.304 million, average entry price $29,108.44, liquidation price $32,119.96, floating profit ~$161,000. Separately, Hyperinsight monitoring notes that this address (goooofy) previously earned over $420,000 with a 100% win rate on Polymarket’s "Will Trump Strike Iran" prediction market.

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Trump stated that the temporary ceasefire agreement with Iran has ended, sending crude oil prices surging more than 3%, while Nasdaq 100 futures extended their losses to 1.5%.

US President Donald Trump said the temporary ceasefire agreement he reached with Iran has ended, raising the risk of renewed military conflict between the two nations. Speaking at NATO’s annual summit on Wednesday, Trump stated: “For me, I think it’s over. As far as I’m concerned, it’s just a waste of time.” Reports note that Trump’s remarks came shortly after the U.S. launched a new round of strikes against Iran and revoked waivers that had allowed Iranian oil sales. The moves, in response to recent attacks on vessels in the Strait of Hormuz, have sparked new volatility in energy markets and further strained the already fragile peace between Washington and Tehran. Affected by the news, data from Bitget shows that both WTI and Brent crude oil rose more than 3% on the day, trading at $74.18 and $78.08 per barrel respectively. Spot gold fell 1.22% to $4,056.44 per ounce, while spot silver dropped 3.00% to $58.18 per ounce. According to market data from BIT (bit.com), Nasdaq 100 futures extended losses to 1.5% to hit a four-week low. Dow Jones futures fell 1.27%, and S&P 500 futures dropped 0.98%.

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