Not to put too fine a point on it, but mostly everything that Trump, Bessent, and their mouthpieces in the media said about an imminent peace deal with Iran was a lie woven out of whole cloth.
It's purpose was to smash the price of oil, and further inflate the bubble in US equities.
"Iran's Parliament and National Security Commission is reviewing a formal draft bill on management of the Strait of Hormuz and the Persian Gulf to severely tighten transit rules, per Fars.
Iran is looking to permanently ban US, Israeli, and all other 'hostile' vessels from transiting through the Strait of Hormuz, with fines of up to 20% of cargo value for violations, both military and civilian. Israeli cargo (military or civilian) will not be allowed to transit through the region."
Most things seem to be chopping sideways these days, like they are pacing around while waiting for the bus or a train.
VIX fell into its usual pattern of complacency.
There will be a Non-Farm Payrolls report on Friday. It is being produced by contaminated sources.
Gold and silver popped but were pushed back closer to unchanged.
Everything is chopping sideways now unless it benefits an exceptional few.
I have never seen the like of it except in places suffering an onslaught of lawless corruption that were in highly troubled times.
Yeah, that sounds about right. An illness of the mind and spirit.
It's a contagion that has been spreading for some time.
Have a pleasant evening.
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