Banana Skin Potential.
A 60-day extension of the ceasefire, a conditional reopening of the Strait of Hormuz and a suspension of the US blockade was announced on Sunday but it seems nothing has been resolved when it comes to Iran’s nuclear program, its frozen assets, war reparations or the lifting of sanctions, which would all be the subject of “further discussions” over the coming months.
Despite lots of missing detail and contradictory interpretations from both sides each desperate to claim victory to their domestic audiences, financial markets breathed a sigh of relief on Monday, sending oil prices spinning to…
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