Two-Week Reprieve
“Big money will be made.”
The remark was made by President Donald J. Trump on Truth Social following the ceasefire deal with Iran.
Who will make the big money is unclear. But it sounds good, nonetheless.
With the announcement of the two-week reprieve in bomb dropping and missile strikes, and the supposed resumption of shipping through the Strait of Hormuz, the price of oil promptly dropped over 16 percent. By Wednesday morning both WTI and Brent crude were below $95 per barrel.
Perhaps two weeks will turn into a permanent ceasefire with Iran. As far as the greater Middle East is concerned, it’s unlikely. Israel was quick to…
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