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Morning Buygold
Supposedly those planes were being pulled back to be out of the way in an impending conflict. At least that’s the way I read it.
Some new progress this morning … if that news report I posted is accurate. The Iranians are being hurt much worse than we are by the blockade. What we and they need are real statesmen to hash a peace deal out.
Pretty funny that the RINOs are being ousted!
Not as bad as forecast
Peter St Onge, Ph.D.
@profstonge
ยท
1h
American oil saved the world from an energy catastrophe with Iran closing Hormuz tighter than a burglary suspect in a cavity search.
Green energy was as useful as a hooker at a blood drive.
Morning Ipso
Hopefully, that’s good news about the C-17A’s which I believe are transport planes. Makes me wonder what really happened between Trump and Xi in China last week.
Oil has reversed back below $100 today FWIW.
Progress?
Oil Slides After Iran Says US Agreed To Lift Oil Sanctions During Talks, Long-Term ‘Nuclear Freeze’ On Table
Saudi state-owned Al Arabiya early Monday has issued a bombshell if true (but still very much not officially confirmed), reporting that Iran has agreed to a long-term nuclear freeze instead of a complete dismantling. The outlet also reports that Iran has withdrawn its demand for compensation, instead demanding economic concessions. However, this could be highly dubious, given over the past several days Tehran has not shown willingness to back down from this demand of compensation.
It also seems Russia’s offer to take and temporarily hold Iran’s enriched uranium is being taken seriously. Here are the alleged “leaks” of the working draft peace document:
Working on a condition transfer of enriched uranium to Russia instead of the US.
Seeking multiple international guarantees for any agreement.
Wants Pakistan and Oman to have a ‘role’ in any ‘clash’ in the Strait of Hormuz.
Seeking a political formation that allows Iran to save face.
Separate the maritime route from nuclear issues.
Oil pushes lower on the additional headlines, following initial reports that the US would lift sanctions on Iranian oil during the negotiating period…
Silver chart
As of now anyways, indecision, bulls and bears with bulls stopping further decline but neither are in control yet. Confirmation of a continued decline, bounce or directional change needs to follow.