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The Middle East drama is more exciting than a TV series
On Friday, news broke that Israel and Lebanon had a temporary ceasefire, Hezbollah was willing to gradually disarm, and Iran announced the opening of the Strait of Hormuz. Brent crude oil instantly plummeted from $99 to $86, and the world breathed a sigh of relief.
As a result, Iran turned around and accused the U.S. of betrayal, re-blocking the strait. Trump exploded: Iran fired on British and French ships, threatening to destroy their power plants and bridges. Losing $500 million a day, neither side can bear it.
Interestingly, there are reports that the U.S. is willing to unfreeze $20 billion in exchange for Iran abandoning its enrichment of uranium, and the two sides may have already negotiated quite a bit. Now, your blockade and my threats seem more like a performance—one making a call to ask his wife, the other drawing K-line charts to pressure.
The more intense the quarrel, the greater the hope. If they really wanted to split up, they would have stopped talking long ago.
The core is: neither side wants to fight anymore. Oil prices will fall back, the Federal Reserve can cut interest rates, and we can breathe a sigh of relief too. Just wait and see, this show is about to end $BTC