Article
We've Been Here Before
We've Been Here Before
By Bas van Geffen, senior macro strategist at Rabobank
Phil Connors has woken up to another instance of the same day. The US, Iran and Oman are said to be close to a new deal to reopen the Strait of Hormuz. Axios reports that the US aims for an announcement today. So, Brent futures dropped to $79/barrel and equity markets rallied further, for the S&P 500 to set a fresh record high.
The reported deal could just as well have been written a couple of weeks ago. Axios...
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