Vanity trumps progress in Hormuz standoff
Kia ora.
Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
Today we lead with news of an apparent agreement to wind back the crisis levels in the Persian Gulf. But details are not available. One thing is clear however, the US will be in a significantly worse position than if the Obama deal with Iran had not been torn up by Trump.
Follow up statements by Trump that "It isn’t even fully negotiated yet" suggest things aren't quite as close as he earlier…
The skinny
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