Half Full.
Trump and Rubio spent last Saturday teasing that a US/Iran agreement including a re-opening of the Strait of Hormuz was “95% done” and was hours away from being finally announced. Iran quickly denied that anything was imminent and indeed there was nothing substantial to report by the time Asian and European markets opened on Monday, which was a holiday in the US and a number of other countries. Nevertheless, oil prices tumbled and overseas stocks moved higher on the prospect of an end to the conflict.
There was still nothing to report by the time US traders returned to their posts on Tuesday…
The skinny
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