Trump: Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE!

Trump on Truth Social:

Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE! Final negotiations on “Peace” are proceeding, subject to ignorance or stupidity getting in its way. The Blockade will remain in place, and in full force and effect, until a “Final Deal” is reached. Things should move quickly. Thank you for your attention to this matter! President DONALD J. TRUMP

This is lifting the risk sentiment and might lead to a minor pullback. The core problem remains: “the blockade will remain in place until a final deal is reached”. This mean that the Strait of Hormuz will remain closed and keep oil prices persistently elevated.

This article was written by Giuseppe Dellamotta at investinglive.com.