REUTERS:
- Mediators say a proposal to revive the US-Iran MOU is close, but awaits Trump’s decision after speaking to Israel today- Pakistan, Egypt, and Qatar are involved in advancing a plan to clarify disagreements - Iran and Oman have already approved the proposal which would allow negotiations to begin againTrump went on Fox this morning and said he doesn’t want to start bombing plants/ bridges and also said Iran wants a deal.Oil just fell below $80. The 10-yr is now at 4.5%.The US was supposed to strike Friday but Trump shut down those attacks. If there was ever a moment for Trump to really pivot and get back to a path to ceasefire/peace deal, it would be now. If this meeting ends up going well with Netanyahu today then maybe we get some clarity on the Iran situation and the market taking oil and the 10yr down is them pricing in that the worst may have happened, stocks will follow on actual confirmation. Reports of a Fed hiking soon might also be part of the reason Trump wants to resolve the situation. A Fed Hike and increased war intensity would be horrible for inflation. Maybe this time Trump actually de-escalates, as much as it hurts to believe that this time could be different, all the ingredients are there for Trump to actually pivot and make sure inflation becomes more tame by negotiating an actual peace deal.Source: amit
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