Amid expectations of a possible end to the conflict, oil and the dollar retreated on Wednesday. From the White House, Trump stated he is willing to end the military campaign against Iran, although the Strait of Hormuz remains closed. Additionally, Iranian authorities denied having requested a ceasefire, as Trump had claimed. The latest statements from U.S. President Donald Trump about the war in Iran provided some relief to financial markets. The U.S. leader is expected to speak again this afternoon about the conflict. For WTI, it showed a loss of 1.76% compared to the previous day, at $99.60 per barrel, while Brent fell 2.03% to $101.86. For the Mexican government, this is also a relief, as it has implemented some fiscal measures to avoid an increase in fuel prices, and it continues to negotiate with gas stations to cap diesel prices below 28 pesos per dollar. However, the signals are not yet entirely conclusive, as attacks on Iran continued overnight. Furthermore, he said he does not rule out an agreement in less than three weeks. The declaration improved the appetite for risk assets: the dollar weakened against the peso, which this morning was around 17.85 units per dollar, representing an advance of 0.51% compared to the previous day. Pemex is analyzing offering discounts to diesel distributors due to the rise in crude oil prices. Also, the price of crude oil fell below $100 per barrel. "It is none of our business what happens in the strait," he told journalists yesterday.
