Iran’s Ghabilaf leads chants of “Death to America” while burning an American flag.

THE U.S. WILL ALLOW IRAN TO IMMEDIATELY BEGIN SELLING OIL AND FUEL UNDER THE DEAL TO END THE WAR, OFFERING TEHRAN AN EARLY FINANCIAL INCENTIVE TO WIND DOWN THE CONFLICT, PEOPLE FAMILIAR WITH THE AGREEMENT SAID. - WSJ

Shipowners will not resume transit through the Strait of Hormuz for weeks until they are confident that the US-Iran deal is “material”, the head of the world’s biggest tanker operator has warned. Jotaro Tamura, chief executive of Mitsui OSK Lines, told the FT that many operators would wait before restarting crossings despite the US-Iran deal to reopen the strait. #oott

The CEO of one of Ireland's biggest banks just said what most traders don't want to hear. "I would not get overexcited about a sustained moderation in oil prices." That's Colin Hunt, AIB chief, on Bloomberg TV today. He's a banker reading the same data everyone else has and still seeing fragility where markets see relief. His reasoning: → US SPR at its weakest since the early 1980s → OECD commercial inventories still trending down → Iran's ability to threaten Hormuz hasn't disappeared → A ceasefire framework is not a guarantee Many banks still see Brent in the low 90s near term. The risk scenarios? $120-150 if disruption returns. The market celebrated the MoU. Brent pulled back. Headlines declared the crisis "easing." But here's the question nobody is asking: How much of Hunt's "don't get overexcited" risk is actually priced in right now? The market is pricing the deal... Not the reality. My latest article connects all of this to where oil actually trades from here and what the pricing tells us about what risk is still being ignored. Link in the comments below 👇

US-IRAN DEAL ALLOWS TEHRAN TO IMMEDIATELY SELL OIL - WSJ

HEZBOLLAH HAS RECEIVED PROMISES FROM IRAN THAT IT WILL NOT SIGN FINAL NUCLEAR DEAL WITH U.S. UNLESS ISRAEL WITHDRAWS FROM LEBANON -HEZBOLLAH MEDIA RELATIONS OFFICE

AROUND 118 OIL TANKERS LOADED WITH ABOUT 75 MILLION BARRELS ARE TRAPPED IN THE GULF AND WILL START MOVING AS SOON AS REOPENING OCCURS.

As I warned before⤵️, "the oil is the money." Ignore the Qatari frozen funds, the UAE bank accounts, and focus on the oil waivers. That's how Tehran would make the money, even more so if it can repatriate the funds. From WSJ: wsj.com/world/middle-east/th…

"Unless you were homeschooled by a day drinker, no one's confident that Iran is going to do anything." Sen. John Kennedy gives his blunt assessment about how he thinks Iran will behave after the Trump administration's new agreement with the regime. The Louisiana senator says it's impossible to know what the Islamic Republic's next move will be as the U.S. tries to curb its nuclear ambitions.

New: US intel agencies have recently assessed that Iran can effectively turn the Strait of Hormuz on & off -- at will -- going forward, meaning it has acquired a powerful new ability to hurt the global economy as a result of Trump/Israel starting the war, sources tell me & @NatashaBertrand. “We have now handed Iran de facto control over the strait – a weapon more powerful than any nuke,” 1 of the sources said.

🇺🇸📺 -- Retired U.S. Army General Jack Keane on Trump's Iran Deal: "The funding is real. There is a $300 billion investment fund, who cares where the money comes from. It should not come from anybody! You know that Sean! You know you can’t trust these people..."

"If it was good news, it would have been leaked. We'd all know about it. Donald Trump would stay around to sign and pass out pens. The fact that he is getting out of town does not bode well," @DavidJUrban says of the MOU.

US SENATORS AND WHITE HOUSE WRITE TO EXXON, CHEVRON, SHELL, BP AND CONOCOPHILLIPS OVER PROFITS SINCE THE START OF THE WAR.

"We know for a fact they lie and they cheat. We know even when they talk about a deal, they're somewhat inconsistent." - Retired Four-Star General Jack Keane (@gen_jackkeane) does not trust the Iranians to uphold their end of the deal with the U.S.

The track fell silent as hope began to fade. Jockey Kosei Miura stayed beside the injured horse, refusing to walk away. Then, in an unforgettable moment, the horse rose to its feet—and the grandstand erupted in applause. 🐎❤️ A moment that reminded everyone what heart and resilience truly look like. #Japan #HorseRacing #Respect #Inspiration

Confirmed: Tom Cruise is a patriot.

No stronger luggage game than the DR Congo national team 🧳🔥

Every time 😂🤣