The Nasdaq has rebounded by about 6% from its low. However, the Strait of Hormuz remains closed. Crude oil prices have fallen back below $100. Although there are various opinions—one minute advocating for continued fighting, the next saying peace is needed—the crisis remains unresolved as long as the Strait of Hormuz remains open. The US hasn't withdrawn its troops, making a Strait of Hormuz closure unlikely. Gold and silver are rising. The Nasdaq and Bitcoin are strong. Oil prices are falling. These signs indicate a potentially increased probability of de-escalation.