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Iran Peace Deal Sends Oil Plunging, Equities Soaring
The US and Iran have signed a memorandum of understanding for a 60-day ceasefire extension — not a full peace deal, but enough to send oil plunging to $81 and equities surging to record highs. Mark Gardner breaks down what it actually means for markets, why only one ship has been brave enough to transit the Strait of Hormuz, and whether the insurance companies and ship captains will believe Trump's Friday reopening timeline.
In today's episode:
0:00 — Iran MoU signed: what it really is (and isn't)
— S&P 500 +1.7%, Nasdaq +3.1% (best day since March), Dow record close
— Oil crashes to 3-month…
The skinny
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