Jim Bianco

The last plot is through 9:43 AM ET today (April 8th). It is on track to be the highest of the last month. Again, this has to go to zero for shipping to start moving through the Strait. Note that the uptick in Iranian shooting is being dismissed, for now, as part of the Iranian's "Mosaic Strategy" where the sector commanders have autonomy of shooting missiles and drones without a central approval. Markets and the US military understand this and will be patient for another 24 hours to get the message to all these sector commanders to stop shooting so shipping can start moving through the Strait En Masse. ---- Some relevant red headlines cro…

Just as I sent the repost below, another update was released (through 10:45 AM ET, April 8th). Now today is 149, the highest since 200 were fired on March 8. (I left off the chart Feb 28 and March 1 when they fired 400 each day). So, day 1 of the ceasefire is seeing the highest day since the early days of the war. Again, let's see what tomorrow brings once the word gets to sector commanders to stop shooting (assuming that is what they are being told).

*IRAN ACCEPTS PAKISTAN'S TWO-WEEK CEASEFIRE PROPOSAL: NYT -- "ceasefire will come into force when Iran opens the Strait of Hormuz" -- So, this chart will be at zero tomorrow, and ships can start moving immediately? https://t.co/3VFPp2rq6x Crossing now *IRAN SAYS SAFE PASSAGE VIA HORMUZ 'POSSIBLE' FOR TWO WEEKS

This is the key passage: Subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks. ---- So, I GUESS, this chart will be zero tomorrow; otherwise, how exactly does the Strait reopen? Crossing now *IRAN ACCEPTS PAKISTAN'S TWO-WEEK CEASEFIRE PROPOSAL: NYT *IRAN SAYS SAFE PASSAGE VIA HORMUZ 'POSSIBLE' FOR TWO WEEKS

May WTI crude oil futures are now at a new high and up 20% from Friday's low. https://t.co/rqftGvnrgP

https://t.co/WqE4HZnsZN

Iran is calling Trump's bluff. They want him to attack And if the Iranian military, at the point of a gun, forcibly puts dozens, if not hundreds, of civilians on bridges and at the front entrance of all of the power plants, what are we going to do? 14 million https://t.co/C9PIkVW5Xw

Another TACO coming???

https://t.co/EnKMyddZ7H

Update (15 minutes ago): *KUWAIT REPORTS IRAN ATTACK ON POWER, WATER DESALINATION PLANTS *KUWAIT SAYS POWER, WATER DESALINATION PLANTS DAMAGED: AFP *KUWAIT: SIGNIFICANT MATERIAL DAMAGE AT 2 POWER GENERATION UNITS *BAHRAIN INTERIOR MINISTRY: FIRE AT FACILITY AFTER IRAN ATTACK They are making it impossible for Trump to TACO. Good news! *MISSING US AIRMAN RESCUED AFTER JET DOWNED IN IRAN: AXIOS

Chainsmokers now in the NCAA Tourney >>> Bad Bunny in the Super Bowl.

We've been saying this since the Houthis started disrupting shipping three years ago. https://t.co/LZbGL1euoV

How the Ukraine can open the Strait of Hormuz

Can he do it? He did it in the Black Sea against Russia. No one else has this track record. https://t.co/4rq8sflvW1

@NoMaskOnMe What happens to the Strait and the world economy is we walk away and leave Iran in charge?

Follow up I said the answer is a defensive shield, that is not an offensive campaign killing a lot of people. I also said Ukraine has the expertise to make this happen. I should have said they were able to do this with the Black Sea, so they have proven this capability.

Oh the Humanity! https://t.co/rNRBIVwwGG

https://t.co/jUCFRXKLTn

*TRUMP TO ADDRESS NATION ON IRAN 9PM ET WEDNESDAY: LEAVITT

*US AVERAGE RETAIL GASOLINE RALLIES ABOVE $4/GALLON, AAA SAYS https://t.co/72hle4mOa8

Please explain why, having this technology, you would focus on Bitcoin? Why not Fedwire, and take trillions from the banking industry? Do hackers really think this small?

This would be an economic disaster.

Markets reopened Sunday night, with nearby Brent Crude Oil Futures now at $116, up 3% from Friday's close, and $12 higher than the low set after Trump extended the talks until April 6. Are you surprised we are seeing headlines like this crossing now? * PRESIDENT TRUMP BRIEFS REPORTERS ON AF1 *TRUMP ON IRAN DEAL: COULD BE SOON *TRUMP: I DO SEE A DEAL WITH IRAN *TRUMP: IRAN CAME BACK TO US ON 15-POINT PLAN *TRUMP ON 15-POINT PLAN: IRAN GAVE US MOST OF THE POINTS --- As I wrote in the repost, the market doesn't believe him. These talks are a stall, and the longer they go on, the higher crude oil prices go. (To be clear I'm criticizing the mes…

*SAUDI EAST-WEST OIL PIPELINE REACHES 7 MLN B/D CAPACITY

Nearby Brent Crude Oil Futures made a new closing high today. Up 59% since the war began. https://t.co/659nwQCHcc

As a follow up, I'm not going to mince words ... If the real reason for the delay is that the military assets needed were not in place, then don't make up shit about 10 tankers going through the Strait (no evidence) or the Iranians asked for the delay (the Pakistanis, who are the intermediaries, said no such request was made). Say you'll keep talking, you're losing patience, and say every day the Iranians don't deal means the Marines are getting closer to the Middle East. The market would understand that, and the crude oil response (fall and stay down) might have been more favorable. This just looks like a TACO mess.

@dlacalle_IA The Fed hiked in 2022 when the Russia/Ukraine war broke out.

The Big 10 is dominating March Madness has so upset the country that congress is pushing legislation to stop it!!

@libsoftiktok I guess Trump was correct for calling Canada the 51st State.

@Im_Alan2 Open the Strait