·        But despite all the rhetoric, both Iran and the US are meeting in Switzerland along with mediator Pakistan, while Israel agrees to a Lebanese ceasefire. ·        Although Iran ‘confirmed’ the SOH closure again, the US Navy denied it, stressing the SOH is now under US control, not Iran's. ·        Overall, the 60-day (extendable) negotiation process may not be smooth due to the respective domestic political/election compulsions of Israel, the US, and hardline elements within Iran. ·        Although Iran may agree to ‘destroy’ the so-called ‘nuclear dust’ in the presence of the IAEA/US/China, it may not agree to ‘surrender the SOH nuclear leverage’ to the US. ·        Crude oil (WTI) may not fall below 71.00-70.00 if the US-Iran final negotiation process is complicated and the SOH uncertainty lingers. Wall Street futures and ...