Spot silver just touched the $66.00/ounce mark and is currently trading at $66.00/ounce, down 2.82% on the day; COMEX silver futures are currently trading at $66.11/ounce, down 6.59% on the day.

US Vice President Vance: Nearly ten ships have passed through the US blockade.

US Vice President Vance: 12.5 million barrels of oil passed through the Strait of Hormuz last night.

[US Natural Gas Inventories Rise, Surplus Remains Unchanged] Data from the US Energy Information Administration showed that US natural gas inventories rose by 73 billion cubic feet last week to 2,759 billion cubic feet, in line with the five-year average injection, while the inventory surplus remained unchanged at 151 billion cubic feet. This increase was lower than the average analyst expectation of 82 billion cubic feet and also lower than the increase in the same period last year. Natural gas futures rose 0.2% to $3.152 per million British thermal units. Phil Flynn of Price Futures Group stated in a report, "Overall, the market is balancing strong supply with steady demand growth." The inventory surplus "helps buffer any weather-driven demand surges, but currently also limits upside potential."

[Report: Trump Allows Russian Oil Sanctions Waiver to Expiry After Signing Iran-Iran Agreement] Following the president's signing of the Iran-related agreement and the easing of international energy prices, the Trump administration quietly allowed a sanctions waiver targeting some Russian oil to expire. The Iran agreement, signed by Trump at Versailles Palace on Wednesday, extended the US ceasefire for 60 days and allowed oil tankers to once again freely pass through the Strait of Hormuz. At the G7 summit in France on Wednesday, Trump told reporters that he was considering reinstating sanctions on the maritime transport of Russian crude oil. The US temporarily eased these sanctions in March of this year, initially with the aim of alleviating the global energy crisis triggered by the US-Iran conflict. "We are watching how much oil prices are falling, and right now they are falling very rapidly," Trump said. The US Treasury Department subsequently explicitly refused to extend the sanctions waiver, which officially expired at midnight on Wednesday.

The White House: Iran must never possess nuclear weapons. Oil supplies have resumed, gasoline prices continue to fall, and markets are booming. This is a victory for the United States and the world.