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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 breach of faith, 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 hold on.
Interestingly, there are reports that the U.S. is willing to unfreeze $20 billion in exchange for Iran abandoning its enriched uranium, and the two sides might have already negotiated quite a bit.
Now, your blockade, my threats—it's more like a show—one is making a call to ask the wife, the other is 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 fall back, the Federal Reserve can cut interest rates, and we can also breathe a sigh of relief.
Let's wait and see, this show is about to end. $XTIUSD