One month — the geopolitical premium
Silver and gold bid into the war and through the weekend. Brent traded the diplomacy timeline.
Iran’s fourteen–point proposal would end the war on all fronts, lift the naval blockade, and defer nuclear talks. The deferral is the deal–breaker. Trump fast–tracked eight billion dollars of arms to Mideast allies the same day. Gold and silver bid all weekend on the stalemate.
Silver and gold bid into the war and through the weekend. Brent traded the diplomacy timeline.
14. Iran sent the United States a fourteen–point proposal Thursday evening through Pakistani mediators. The document calls for guarantees of non–aggression, sanctions relief, the lifting of the U.S. naval blockade, and an end to the war on all fronts including Lebanon. The proposal would defer nuclear talks to a later stage. The deferral is the deal–breaker.
"Not satisfied." Trump told reporters Friday he is not satisfied with what Iran is offering and called Tehran’s leadership "very disjointed." On Sunday morning he added that Iran has "not yet paid a big enough price for what they have done." His stated red line is full nuclear dismantlement. Iran’s parliament is poised to approve a law placing legislative restrictions on which vessels can pass through the Strait of Hormuz.
$8 billion. The same Saturday that Iran’s fourteen–point proposal was being reviewed, Trump fast–tracked $8 billion of arms sales to Mideast allies. The Islamic Revolutionary Guards Corps responded with a deadline ultimatum for the U.S. to end its naval blockade and framed Trump’s choice as "an impossible military operation or a bad deal." Both sides moved hardline rhetoric forward in the same forty–eight–hour window.
48. 90 percent. U.S. Central Command says 48 Iranian ships have been forced to turn around by the U.S. blockade in the last twenty days. Shipping traffic in the Strait of Hormuz has dropped by more than 90 percent since the conflict began. The choke is real and quantified. The blockade is the leverage tool that Trump has signaled he will not lift without nuclear concessions.
Brent fell on the Pakistani–mediation reports Friday. Held $108 through the weekend.
+$14.60. +$0.48. Gold rose $14.60 to $4,644.50 across the early Sunday session. Silver rose $0.48 to $76.43 in the same window. Both bids held through the morning hours without giveback. The metals are reading the dual–track — arms–sales acceleration plus diplomatic stalemate — as continued geopolitical premium, not de–escalation. The CME equity and oil futures stay locked at Friday’s close until twenty–two hundred UTC tonight.
$78,810. Bitcoin trades $78,810 in the Sunday morning, pushing back toward the prior $78,797 day high. Ethereum trades $2,328, outperforming on the weekend bid. The crypto tape ran a full Saturday round trip — up $329 on the meeting commentary, down $561 across Saturday night, back $620 across Sunday morning — and now sits modestly above the Friday close. The 24/7 ticker is the only forward read on Monday risk appetite while futures are dark.
Friday’s close. The S&P 500 ended Friday at 7,230.12 — a fresh all–time record close. The Nasdaq closed 25,114.44 — also a fresh record. Apple closed up 3.5 percent on its first–quarter beat. Berkshire’s Class B shares closed at $473.10 — a fresh intraday low — and the Saturday Q1 print confirmed the cash pile rose to $397.4 billion. The week ended with two records, one defensive–positioning print, and an Iran proposal that Trump rejected before it landed.