March 25
S&P Oil FX Gold Silver 10Y
European equities closed firmly higher on Wednesday, extending their rebound this week as signs that the US aims to de-escalate the conflict with Iran dimmed concerns of energy-fueled inflation. The US outlined points for a ceasefire with Iran, which was rejected by Tehran, but the signal that Washington aims to ease the conflict and prioritize economic health by lower energy prices supported risk assets across the globe.
Brent is down 2.83% to $101.52 | 13:41
S&P is up 0.93%
10Y is 4.326%, lower by 4.3bp
Gold is up 1.90% to $4,559
Peace process or theater
Trump capped the upside in oil by raising market hopes for an end to the war
Iran says ceasefire negotiations lack legitimacy
Tehran Refuses Talks With 'Backstabbers' | Zero
“I’m not upset that you lied to me, I’m upset that from now on I can’t believe you.” ― Friedrich Nietzsche
Is Trump Serious About Negotiations with Iran? | John
I’ll give you my answer up front… NO! Trump’s claims on Monday and Tuesday that the US and Iran are talking is false in my opinion. I believe Trump’s positive spin that Iran is ready to make a deal is nothing more than market manipulation with the goal being to lower the price of oil and boost the US stock market.
Iran was correct | Wauck
Iran believed before the war that fighting the U.S. would strengthen its bargaining position. Trump has proven highly sensitive to oil market swings, and even *removed sanctions* on Iranian oil. Iran gained more sanctions relief from closing Hormuz than through any diplomatic means.
Trump knows he's in deep trouble
John Mearsheimer, the University of Chicago professor, said if he were playing Iran’s hand in the war against the U.S. and Israel, he would see no benefit in cutting a deal now, given that Tehran can continue to inflict pain on the Western economy, which will result in more favorable negotiating conditions in the future.
US diplomatic efforts to end the war with Iran gained traction, overshadowing reports of additional troop deployments and the near-closure of the Strait of Hormuz. The US reportedly drafted a 15-point plan delivered to Iran via Pakistan to help resolve the conflict, while around 2,000 soldiers from the 82nd Airborne Division were deployed to the region to support security at the vital waterway.
Iran signaled little willingness to compromise, firing missiles at Israel and ruling out ceasefire talks, while allowing some foreign ships to transit the strait under restrictions. The crisis has intensified global energy pressures, with Chevron warning of a potential California fuel crisis, hundreds of fuel shortages reported in Australia, the Philippines declaring a national energy emergency, and Asian nations reportedly hoarding jet fuel.
Russia Launches Largest One-Day Drone Blitz Of Ukraine War | Zero
Days After Trump Delays Xi Summit, Chinese Carrier Unveils 101-Jet Airbus Deal | Zero
$5+ Diesel Could Unleash Inflationary Mindset | Wolf
Debt Rattle
US Ambassador: ratify $750 billion trade deal without amendments or lose “favorable access” to LNG
Israel’s Mossad Promised It Could Ignite Regime Change In Iran
International Energy Agency Pushes Rationing
Russia ‘Clearest Winner’ In War On Iran. \\ “This is all bad news for India. – John Mearsheimer
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