With Trump announcing that negotiations with Iran will begin on Monday, US composite futures all turned "Green" (see attached).
The 180 degree change was the result of strikes call-off requests from the Gulf states of Saudi Arabia, the United Arab Emirates, Qatar and Iran (suspect its typo and should be Iraq).
Again, will the truce hold until a peace deal can be reached OR its yet another 2 steps forward, 3 steps back kind of situation.
One analyst even boldly predicted that finalization maybe in the Fall of 2026. Ouch ! What do you think ?
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