Group 1: Report Industry Investment Rating - Not provided Group 2: Core Viewpoints - The possibility of negotiations between the US and Iran is extremely low due to almost zero trust, and Iran believes the US request for negotiation is a deception [1][2] - The control of the Strait of Hormuz is crucial for the "ultimate battle" in the Middle East, and losing it could lead to the decline of empires and shake the US dollar's foundation [2][3] - The release of 400 million barrels of strategic oil reserves by IEA cannot cover the supply gap caused by the obstruction of the Strait of Hormuz, and high - oil prices may impact the global economy [2][3] - The market is at a dangerous critical point. If the geopolitical situation doesn't improve in two weeks, the stock market may experience a crash - like decline [2] - The global economy has passed its peak in late 2025 and is on a downward trend due to the US's wrong policies [3] Group 3: Summaries by Relevant Catalogs Global Economy and Finance - The US President claims to be in negotiations with Iran for a cease - fire and a 15 - point agreement, but Iran denies and refuses to accept the cease - fire and negotiation [1] - Retail investors had their first net sell - off on Monday since November 2023, selling about $20.6 million in stocks [1] - Foreign official accounts' US Treasury holdings at the New York Fed dropped by $75 billion in four weeks, with a net sell - off of about $60 billion [1] - The auction of $69 billion in two - year US Treasury bonds was cold, reflecting market concerns about high inflation and interest - rate hikes [1] - The Nasdaq futures have broken through support levels, and the AI - related situation and Middle East tensions may trigger a new round of large - scale selling [3] - The decline in US stocks may have a significant negative impact on US consumption [3]