The David Lin Report · Thursday, October 1, 2026
Iran has submitted a new proposal for a seven-day ceasefire, which is currently under review by the U.S. However, market reactions have been muted, with analysts citing a history of similar proposals without material shifts in the conflict's core issues. Despite the diplomatic efforts, three tankers were reportedly attacked in the Strait of Hormuz.
“Iran is reviewing a U.S. counterproposal to its seven-day ceasefire after three ships were struck in Hormuz last night.”
“I mean, so in terms of, I would say the reason the market is not especially kind of glued to this particular latest headline is that we've seen this so many times before, right?”
“all of these issues show that you know there are still attacks going on the strait there is still you know a heightened sense of risk and kind of and in the strait.”