Find a way out! Trump Advisor: It's time to 'declare victory and withdraw' from Iran.
For the first time, an open "defection" has emerged within the Trump administration—David Sacks, White House AI and crypto advisor, called for "declare victory and withdraw immediately" on a podcast, stating that this is "what the markets most want to see." Meanwhile, the blockade of the Strait of Hormuz has caused oil prices to spiral out of control, stock markets to plummet, and warnings of stagflation to ring out. More critically, the military had already warned of the blockade risks before the conflict began, betting that Iran would yield first—two weeks later, the bet has failed.
Are we seeing a repeat of the 'Liberation Day' turmoil? Global markets hit by triple shock, cross-market volatility surges.
Due to the Iran war, market pressure is accumulating at the fastest pace since last year's tariff shock, driving up oil prices and increasing borrowing costs.
CFTC Positioning Report: Gold, Silver, and Oil Show Bullish Trends, while Copper Net Longs Dip Slightly
Data from the U.S. Commodity Futures Trading Commission (CFTC) shows that, as of March 10, net long positions held by speculative traders in COMEX gold increased by 1,383 contracts to 102,236 contracts. Speculative traders in COMEX copper reduced their net long positions by 723 contracts to 47,732 contracts, while those in COMEX silver raised their net long positions by 2,407 contracts to 9,721 contracts. As of March 10, oil speculators increased their net long positions in WTI crude oil by 17,596 contracts to 115,448 contracts.
Express News | The U.S. Department of Justice is set to appeal the ruling in the Powell case, potentially delaying Wash's appointment.
Express News | Trump announced an airstrike on Kharg Island, Iran's oil export hub. (Xinhua News Agency)
Express News | When will the US military escort oil tankers through the Strait of Hormuz? Trump's latest statement: very soon.