Interesting thoughts but I disagree that the market will push for ground troups. A renewed conflict means probably more damages on oil infrastructures and thus a multi year problem for oil supply.
The market may instead push Trump into a hard taco to get the strait opened, even on Iran terms.
That was a really good piece, Peter. I always love to read your comments, but this one is a gem.
Interesting thoughts but I disagree that the market will push for ground troups. A renewed conflict means probably more damages on oil infrastructures and thus a multi year problem for oil supply.
The market may instead push Trump into a hard taco to get the strait opened, even on Iran terms.
It's possible. Not sure how to price that world though. Too much risk that the strait is leveraged into permanent high oil prices
Given the first round it doesn't look like the US is backing down