Snoozer.
Not a great weekend for US diplomacy. Iran threw ice-cold water on any lingering hopes of an imminent resolution to the war by issuing a list of demands (most of which were complete non-starters in the eyes of the Trump administration) that the US would need to agree to before the Strait of Hormuz can be reopened. Israel then piled on, formally rejecting Trump’s proposed Gaza peace plan.
The week began with a snoozer on Monday, despite a spike in oil prices resulting from the weekend’s setbacks to hopes for any impending stability in the Middle East. The indexes mostly trudged along aimlessly…
The skinny
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