According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending February 24, crude oil speculators increased their net long positions in WTI crude oil by 13,173 contracts to 81,058 contracts.

1. Expected Speech Tonight – According to Axios, US President Trump is expected to address the nation again on Saturday morning local time (Saturday evening Beijing time). 2. Dissatisfied with Negotiations with Iran Ahead of a joint military strike against Iran with Israel, Trump expressed dissatisfaction with negotiations with Iran. The US demanded that Iran not enrich uranium. Iran did not find the right answer. He is not worried about the impact of an attack on Iran on oil prices. 3. Joint Military Operation Against Iran with Israel The US and Israel launched a major joint military operation against Iran. A senior US official stated that the US strikes focused on Iranian missiles and launchers. Israel's strikes focused on eliminating senior Iranian officials and missiles. Israeli assessments indicate that attempts to assassinate Iran's Supreme Leader Khamenei and the Iranian president failed. 4. "Take Over Iranian Government After Operation" Trump told Iran, "Take over your government after the operation is over." Trump stated that Tehran's "threatening actions directly endanger the United States, the US military, overseas military bases, and allies around the world." He claimed that Iran was "trying to rebuild its nuclear program and develop long-range missiles." Trump also declared, "We will destroy their missiles" and "completely destroy their navy." 5. Calls for Supreme Court Rehearing or Retrial of His Tariff Policy Case —Trump stated that the recent Supreme Court ruling on tariffs could send hundreds of billions of dollars back to countries and companies that have been "exploiting" the United States for years. I believe the Supreme Court did not consider this! This is disappointing, to say the least. Is it possible for this case to be reheared or retried? 6. Seeking to Delay Tariff Refund Lawsuit—A document filed by the U.S. Department of Justice late Friday shows that the Trump administration intends to wait at least four months before reopening the U.S. Court of International Trade litigation regarding tariff refunds. 7. Possible "Friendly Takeover" of Cuba —Trump hinted at a possible "friendly takeover" of Cuba, as the White House attempts to leverage Cuba's energy crisis to expand its influence. This statement is the most direct Trump has made regarding his Cuba plans to date. Trump called Cuba "a failed state, to put it mildly," and said Secretary of State Rubio is working to influence the Cuban government to advance U.S. interests. 8. Orders Immediate Halt to Anthropic Use —Trump: I have instructed every federal agency of the U.S. government to immediately cease using Anthropic technology. We don't need it, we don't want it, and we will no longer do business with them! For agencies like the Department of War that use Anthropic products, there will be a six-month phase-out period. 9. Signs Agreement with OpenAI —Just hours after Trump's attack on Anthropic, OpenAI founder Altman stated that OpenAI had signed an agreement with the Pentagon to use its AI models in the Department of Defense's classified networks, with "technical safeguards" in place. 10. Considers Spinning Off Truth Social into a New Company—Trump Media Technology Group is discussing spinning off its assets, including the social media platform Truth Social, into a new publicly traded company. This follows the completion of a $6 billion merger with nuclear energy company TAE Technologies. 11. Hopes to End the Russia-Ukraine Conflict—U.S. President Trump: I have spoken with Putin and hope to end the war. We hope to reach an agreement with Russia and Ukraine. 12. Claiming mortgage rates will continue to fall – US President Trump: Talking about mortgage rates falling rapidly. (To homebuyers) Wait a little longer, you'll get a very low rate.

Eyewitnesses reported that an explosion was heard in downtown Tehran, and people fled in panic.