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🚨 Iran has placed at least 12 mines in the Strait of Hormuz, per CBS News citing US intelligence.
The mines are Iranian-manufactured Maham 3 and Maham 7 Limpet Mines.
At the same time, Trump says "good and productive" peace talks are underway with Tehran. He has postponed his 48-hour ultimatum to obliterate Iran's power plants.
🇮🇷 Iran's state media denies any negotiations and says Trump "retreated out of fear."
Meanwhile, the Dow rallied +631 points on the "peace talks" headline.
12 mines in the water. "Peace talks" on the screen. Markets rallied on the headline, not the reality.