ShouChuang Futures: The outlook for US-Iran negotiations is not optimistic, and oil prices remain strong with high volatility.

On March 26, Iran, through intermediaries, officially responded to the 15-point ceasefire proposal put forward by the United States, making its position clear and rejecting it. Iran emphasized that its sovereignty over the Strait of Hormuz is a natural and legitimate right that cannot be changed. Iran’s foreign minister said that exchanging information through intermediaries does not mean negotiating with the United States. Multiple U.S. officials also revealed that the U.S. Department of Defense is drawing up military options for a “final blow” against Iran, and the related plans may include deploying ground forces and large-scale airstrike operations. The White House said that if negotiations make no progress, it does not rule out further escalation of actions. The crude oil fundamentals have not changed: supply of nearly 10 million barrels per day remains disrupted, and the Strait of Hormuz is still not operating normally. The outlook for Iran remains difficult to predict; for now, crude oil prices are likely to stay at elevated levels and continue to experience highly volatile swings in the short term. It is suggested to remain on the sidelines. (Chuangchuang Futures)