Update on War in Iran - Apr 17
Posted: Fri Apr 17, 2026 3:42 pm
The War is not over, and no one really knows if we are close to a "Peace Agreement" that may not be worth the paper it is written on unless whoever the leader of Iran is has the power to enforce what needs to be a total surrender to the U.S. Team Trump wants, no uranium enrichment, no ballistic missiles, and no funding of Hezbollah or other terrorist groups. No more oil sales until we recover all of the enriched uranium.
From NBC News
IRAN DECLARES HORMUZ OPEN: The crucial Strait of Hormuz trade route "is declared completely open" for commercial vessels for the remaining period of the ceasefire, Iranian Foreign Minister Abbas Araghchi has said. Ships will have to use a coordinated route, he said, adding that the move was made in line with the Israel-Lebanon ceasefire. < If so, it still will be several days before a significant number of tankers will move slowly through the strait.
STOCKS SURGE, OIL DROPS: Stocks surged higher and the price of oil dropped 12% on the news, though shipping companies say there are outstanding questions that need to be answered. < Except for EQT, which was up slightly, the other 15 companies in our Sweet 16 declined 2% to 7% (SM). All of them moved off the morning lows this afternoon.
U.S. BLOCKADE REMAINS 'IN FULL FORCE': President Donald Trump hailed the news and thanked Tehran, but said the U.S. blockade of Iranian ports "will remain in full force" until the two sides reach a peace deal. Iran threatened "necessary measures" if the blockade is not lifted. < This tells me that the strait may not actually be "completely open" to other tankers either.
ISRAEL-LEBANON CEASEFIRE: A 10-day ceasefire between Israel and Lebanon appeared to be holding, with civilians rushing home to destroyed villages in southern Lebanon even as Israel vowed its military would not withdraw. Trump said Israel had been "prohibited" from bombing Lebanon by the U.S. as Iran-backed militant group Hezbollah said it was keeping its finger "on the trigger."
DEATH TOLL: Iran’s forensics chief said more than 3,300 people had been killed in the country since U.S.-Israeli strikes began Feb. 28. More than 2,100 people have been killed in Lebanon, 32 have been killed in Gulf states, and 23 have died in Israel. Thirteen U.S. service members have been killed, and two more died of noncombat causes.
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MY WAG is that the chance of a peace agreement signed within a few days is slim and none. Iran has never lost a negotiation.
From NBC News
IRAN DECLARES HORMUZ OPEN: The crucial Strait of Hormuz trade route "is declared completely open" for commercial vessels for the remaining period of the ceasefire, Iranian Foreign Minister Abbas Araghchi has said. Ships will have to use a coordinated route, he said, adding that the move was made in line with the Israel-Lebanon ceasefire. < If so, it still will be several days before a significant number of tankers will move slowly through the strait.
STOCKS SURGE, OIL DROPS: Stocks surged higher and the price of oil dropped 12% on the news, though shipping companies say there are outstanding questions that need to be answered. < Except for EQT, which was up slightly, the other 15 companies in our Sweet 16 declined 2% to 7% (SM). All of them moved off the morning lows this afternoon.
U.S. BLOCKADE REMAINS 'IN FULL FORCE': President Donald Trump hailed the news and thanked Tehran, but said the U.S. blockade of Iranian ports "will remain in full force" until the two sides reach a peace deal. Iran threatened "necessary measures" if the blockade is not lifted. < This tells me that the strait may not actually be "completely open" to other tankers either.
ISRAEL-LEBANON CEASEFIRE: A 10-day ceasefire between Israel and Lebanon appeared to be holding, with civilians rushing home to destroyed villages in southern Lebanon even as Israel vowed its military would not withdraw. Trump said Israel had been "prohibited" from bombing Lebanon by the U.S. as Iran-backed militant group Hezbollah said it was keeping its finger "on the trigger."
DEATH TOLL: Iran’s forensics chief said more than 3,300 people had been killed in the country since U.S.-Israeli strikes began Feb. 28. More than 2,100 people have been killed in Lebanon, 32 have been killed in Gulf states, and 23 have died in Israel. Thirteen U.S. service members have been killed, and two more died of noncombat causes.
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MY WAG is that the chance of a peace agreement signed within a few days is slim and none. Iran has never lost a negotiation.