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Open original source ↗1/3
As we await Trump to emerge from the Situation Room with a decision ...
What does the market think? https://t.co/hSkAN4BVsn
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Note that the definition of "reopen" is shown on the chart above: any day when 60 ships cross the Strait, as measured by IMF Port Watch.
Here is the latest from that measure. https://t.co/orvP9mJPj4
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I don't think Iran will allow this much shipping to pass through the Strait before the end of the 60-day MOU (at the end of July). This would mean they are giving away their leverage.
The consensus thinks the blockade is forcing them to make this deal. I disagree
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Quoted context
These are the quoted author’s words.
According to U.S. President Donald J. Trump, a meeting will happen now in the White House Situation Room to make a final determination on a potential U.S.-Iran deal. Per President Trump, the U.S. blockade of vessels traveling to and from Iranian ports will now be lifted. According to Trump, Iran will also remove mines and commit to allowing the removal enriched material under the watch of the International Atomic Energy Agency. Additionally, per the statement, "Other items, of far less importance, have been agreed to.”
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