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Self explanatory chart: Oil drops more than 3% after Trump announced that a ceasefire between Iran and Israel has been implemented, beginning early this week. Iran only 'token' reiterated with a forewarned missile attack on a US base in Qatar, and did not shut down the Strait of Hormuz. Israel gets their under or close to 14 day war with Iran (they are still relentlessly bombing Tehran), Trump gets his Peace through strength rhetoric, for now. But, no Iran regime change?
News:
- Trump announces Israel-Iran truce after attack on US base in Qatar - Al Jazeera
- Amid the announcement of a ceasefire, Israel’s Defence Forces have posted an evacuation warning for parts of the Iranian capital - The Guardian
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