Markets Get in Tune to the Strait and Narrow
Earnings hopes counter the volatile lack of message discipline by the US and Iran.
Still stuck.
Source: AP
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Who to believe? On Friday, while markets were still open, the Iranian leadership announced that the Strait of Hormuz was open, while the US declared that Iran was surrendering all its nuclear material. Over the weekend, we learned that these things weren’t strictly true. Foreign ships came under Iranian fire, and US forces seized an Iranian ship. This happened during a ceasefire still due to last until Wednesday.