“Iran said it has closed the Strait of Hormuz for shipping transit due to what it called Israel's violation of a ceasefire, even as Pakistan said US-Iran talks were set to open in Switzerland on Sunday.
Negotiations on a peace deal were meant to start on Friday, but were delayed after fighting between Israel and Iran-backed Hezbollah militants in Lebanon intensified. Iranian state TV reported Saturday that a delegation was now en route to the talks, which Pakistan's foreign ministry said will open on Sunday.”
Market rallied not once, but *TWICE*, with over +100 basis point days over the last week on news that a peace deal was finalized. Can we plz stop giving Trump “Truths” total control over the direction of the market ???? I beg of you. This will only amplify the inevitable drawdown more severe when the Fed hikes later this year.
Article: https://finance.yahoo.com/energy/articles/iran-says-hormuz-closed-again-143131863.html
