Iran and US's two-week ceasefire will expire tomorrow at 7:50 AM, so the market is fiercely debating whether to extend the ceasefire and hold a second round of negotiations. Currently, both sides are still exerting maximum pressure, and the initiative seems to be more in Iran's hands. If the final outcome is no second negotiations and a resumption of hostilities, oil prices will inevitably continue to surge, possibly exceeding 100. If a compromise is reached at the last minute or with a one-day delay, prices might drop again to around 80-85.