Last week’s selling spree continued yesterday as the latest week got underway. Facts and narratives pointing in the same direction resonate with investors, who, perhaps justifiably for the time being, are ignoring the hurdles that lie ahead in securing a long-term peace deal between the US and Iran, which are discussed below.
From taking over Iran’s oil industry to a handshake — all within the space of four hours. It is the contemporary standard in diplomacy. Threaten to hit your enemy "VERY HARD," then embrace them. Whatever the outcome, claim victory. Call off the strike and announce a deal with Iran that has been approved by "all parties."
President Trump has had his fair share of criticism for his outlandish and often unsubstantiated comments and worldview, but he accurately predicted that oil prices would drop like a stone well before the ink dried on the extended ceasefire agreement.
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