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*TEHRAN SOURCE SAYS NEXT ROUND OF IRAN-US DIRECT TALKS TO BE HELD IN ISLAMABAD ON THURSDAY -The Atlantic

$PLTR As noted in Saturday’s Weekly Compass (link attached), price action was primed for a reversal. Following today's +4.5% surge, the full analysis is a must-read to manage risk and identify potential targets. Daily Levels for Palantir are posted in the subscribers chat. $NDX

🚨 US PUSHES 20-YEAR IRAN ENRICHMENT FREEZE AS TALKS STALL United States proposed a 20-year freeze on Iran’s uranium enrichment during talks in Islamabad, according to sources. Iran countered with a much shorter timeline, leaving nuclear enrichment and stockpile removal as the main sticking points blocking a deal. Mediators from Pakistan, Egypt, and Turkey are now trying to bridge the gap as negotiations continue ahead of a fragile ceasefire deadline.

CTA positioning is near prior important market lows. Chart GS

NEW YORK POST: IRANIAN OFFICIALS ARE STUDYING ABANDONING URANIUM ENRICHMENT AS A U.S. CONDITION FOR ENDING THE WAR

$TSLA - DUTCH RDW: APPROVAL OF TESLA FSD IS VALID ON ALL ROADS IN THE NETHERLANDS DUTCH RDW: IF IT'S GOOD ENOUGH FOR THE NETHERLANDS ITS GOOD ENOUGH FOR EUROPE DUTCH RDW SAYS IT HAS NOTIFIED EUROPEAN COMMISSION OF ITS PLAN TO SEEK EU-WIDE APPROVAL OF TESLA FSD

8/10 Extremely important topic is the storage clock: Iran has ~50-55M barrels of total onshore oil storage, roughly 60% full. Spare capacity: ~20M barrels. With 1.5M bbl/day of surplus production that normally exports, storage fills in ~13 DAYS. After that, Iran must shut in wells. Why is this very important: when mature oil wells shut down, bottom water rushes in, a process called water coning. Oil droplets get permanently trapped in rock pores. This oil can never be recovered. Iran's fields already decline 5-8% annually. Forced shut-ins could permanently destroy 300,000-500,000 bbl/day of production capacity, that's $9-15B/year in revenue, gone forever.

@The_RockTrading 😐

$PLTR flat.

10/10 BOTTOM LINE: A naval blockade imposes ~$435M/day in combined economic damage. Storage fills in 13 days, forcing well shut-ins that cause permanent reservoir damage. The rial enters terminal collapse. Iran's alternatives outside the Strait can replace less than 10% of Gulf throughput. The blockade makes continued resistance economically impossible.

Islamic regime chief negotiator and parliament speaker Ghalibaf in his prime: “Death death to America, death death to America”

@araghchi Give up the nukes and open the strait. That’s all it’ll take.

In intensive talks at highest level in 47 years, Iran engaged with U.S in good faith to end war. But when just inches away from "Islamabad MoU", we encountered maximalism, shifting goalposts, and blockade. Zero lessons earned Good will begets good will. Enmity begets enmity.

Despite defiant statements from the U.S. and Iran the door remains open for further diplomacy and a second round of talks could be held within days: WSJ

عاجل.. مصدر باكستاني: هناك محاولات لتمديد وقف إطلاق النار بين الولايات المتحدة وإيران لأكثر من أسبوعين. (هيئة البث الإسرائيلية)

🚨BREAKING US and Iran have agreed to continue negotiations and hold another round of talks, according to official sources.

الحرس الثوري: تم تكليف الحوثيين في اليمن بإغلاق مضيق باب المندب.

Pakistan-KSA-Egypt-Türkiye communication is back on. 🇵🇰🇸🇦🇪🇬🇹🇷

*IRAN IRGC SAYS HORMUZ OPEN FOR NON-MILITARY VESSELS: STATE TV

"CTAs bought ~$10b of S&P 500 last week and are set to buy an additional ~$30b this week" - Goldman

الرئيس الإيراني: التوصل إلى اتفاق ليس ببعيد. -

Iranian Presidency: Pezeshkian clarified to Putin that if the United States adheres to international legal frameworks, then reaching an agreement is possible