Former US President Donald Trump has made new statements, claiming all parties in Iran have approved a US-Iran agreement, and that "once a memorandum of understanding is signed, the Strait of Hormuz will be opened immediately." However, Iran's Foreign Ministry stated that "no final conclusion has been reached on the Iran-US agreement," and the Strait of Hormuz remains closed for now. Last night, US stock markets rallied across the board, while crude oil opened sharply lower this morning.

As of the close on June 11th, the Nasdaq Composite Index rose 2.54%, the S&P 500 Index gained 1.75%, and the Dow Jones Industrial Average increased by 1.86%.

Chip stocks surged collectively. SanDisk jumped over 14%, Micron Technology climbed more than 11%, ASML and Intel both rose over 9%, and AMD advanced more than 7%.

Regarding US-listed Chinese stocks, the Nasdaq Golden Dragon China Index closed slightly higher.

In early Asia-Pacific trading on June 12th, international gold and silver prices experienced minor fluctuations. At the time of writing, spot gold and spot silver were both edging slightly higher.

International crude oil futures opened with a sharp drop. At the time of writing, WTI crude oil was down over 2%.

In Middle East developments, according to Iranian sources on the 12th, two explosions were heard in Iran's Bandar Abbas port. Earlier, explosions were also reported in the Sirik area. It is reported that no shelling or clashes have occurred in the Sirik area so far.

There are new updates regarding the Strait of Hormuz.

Iranian Foreign Ministry spokesman Nasser Kanaani stated on the 11th local time that due to "illegal actions by the United States," the Strait of Hormuz remains closed at present.

Kanaani said that as safe navigation cannot be guaranteed, all vessels must exercise caution.

Earlier that day, US Central Command stated that the Strait of Hormuz remains open for passage. US Central Command indicated it has established safe shipping lanes for commercial vessels transiting the Strait of Hormuz, and all ships not violating measures against Iran's blockade can use these lanes.

Regarding the US-Iran negotiations, Iranian Foreign Ministry spokesman Nasser Kanaani said on the 11th local time that matters raised about the Iran-US agreement are speculative. So far, Iran has not reached a final conclusion on the agreement.

Kanaani also stated that due to US actions, the situation in the Strait of Hormuz has become more insecure.

He further noted that Qatar and Pakistan are actively playing mediating roles, but US actions are affecting the diplomatic process. He said Iran has been clear from the beginning about the progress of the talks, with most of the agreement text completed, but the US side keeps changing its position. Iran has demonstrated it will not compromise on issues it defines as "red lines."

On June 11th local time, former US President Donald Trump, speaking about the US-Iran agreement, said that to his knowledge, Iran's Supreme Leader has agreed to the deal, and all Iranian parties have approved it. He also described it as a very strong, very detailed memorandum of understanding. Trump added that Iran will not possess nuclear weapons.

Trump stated that once the memorandum of understanding is signed, the Strait of Hormuz will be opened immediately. He also said that action regarding Kharg Island is not under consideration.