Crude Oil Plunges with Intraday Swing of Over 40%, Trump Says War is Basically Over
March 10th: According to data from Bitget, U.S. President Donald Trump stated the Iran war has effectively ended. Crude oil posted a short-term $14 drop following this news. Earlier in the Asian trading session, oil had surged as much as 30%, hitting a peak of $118 per barrel. However, after Trump hinted the conflict was over, prices plummeted to a low of $80.1 per barrel. The intraday swing topped 40%. As of now, crude is trading at $88.32, down 17.82% over the past 24 hours.
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NVIDIA to Launch AI Agent Open Source Platform NemoClaw
**Nvidia Preps Open-Source AI Agent Platform NemoClaw Ahead of Developer Conference**
WIRED reported on March 10, citing sources familiar with the matter, that Nvidia is planning to launch an open-source AI agent platform called NemoClaw.
The tech giant is pitching the tool to enterprise software firms, letting businesses deploy AI agents to handle various employee tasks. Notably, companies can onboard the platform regardless of whether their software runs on Nvidia chips.
The move comes ahead of Nvidia’s annual developer conference in San Jose next week. Pre-conference talks have already taken place with firms like Salesforce, Cisco, Google, Adobe, and CrowdStrike to explore partnerships—though formal deals remain unconfirmed.
As an open-source project, potential partners will gain free, early access by contributing code or resources. Nvidia also plans to include security and privacy tools in the platform.
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Trump Declares War Is Almost Over
March 10th — CBS News White House correspondent reports that in a phone interview on the afternoon of March 9th local time, U.S. President Trump said the war could end soon.
Trump was quoted as saying: “I think the war’s just about over, if you want the truth. They don’t have a navy, no communication system, no air force.” He added the conflict is “moving along much faster” than his initial 4-to-5-week estimate.
When asked about Iran’s new Supreme Leader Ebrahim Raisi, Trump stated: “I have nothing to say about him, really.” He claimed he has a “selection” in mind to replace Raisi but did not elaborate.
On the Strait of Hormuz, Trump noted ships are now transiting the waterway, but he’s “looking at” controlling it. He warned Iran: “They’ve been told in very strong terms, ‘You can do it’ — and I mean it, ‘you can do it. But hopefully it’s peaceful; if not, it’s not going to be so pleasant.’”
(Source: Forex Live)
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Trump: Military Action Against Iran Will End Soon, Oil Price Increase Lower Than Expected
MIAMI, Fla. (March 10) — At a press conference in Miami, former President Trump stated U.S. military action against Iran would end “very soon.”
He noted awareness of a surge in oil and gas prices, adding crude prices rose less than he expected (overnight crude fell sharply). Trump expressed “disappointment” with Iran’s new leader selection, warning that if Iran disrupts oil supply, the U.S. will strike harder and lift some sanctions to lower prices.
Notably, Trump claimed Iran possesses Tomahawk missiles in the context of an attack on an Iranian girls’ school. On the Americas, he again threatened Cuba and stated Venezuela would export an additional 100 million barrels of oil.
Source: FXStreet
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MakerDAO Founder Longs Crude Oil, Takes Profit, Reallocates $2M
March 10 — Per Lookonchain monitoring, MakerDAO founder Rune Christensen has wiped out all seven-figure profits from his prior crude oil long position amid the oil price drop, but he has not closed the position. Instead, he’s added to it by placing a $2 million limit long order that’s currently being filled.
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