It doesn’t feel like much of anything is being resolved at the moment in the Middle East. All the conditions for a deal have been laid out on the table for two weeks now but it seems like both the US and Iran still cannot meet in the middle. Iran chief negotiator Ghalibaf is out saying that:
“The naval blockade and escalation of war crimes in Lebanon by the genocidal Zionist regime are clear evidence of US noncompliance with the ceasefire.
Every choice has a price, and the bill comes due. It will all fall into place.”
He continues to harp on the violation to the initial ceasefire agreement, which is fair as these are two things that the US and Iran need to agree to before nuclear discussions begin. This is all going to be painted into a deal that will be announced by both sides but unfortunately, they still cannot strike a compromise.
And they are among four key terms that both sides not only need to agree upon, but also hold in place for the next 60 days.
If any one of these terms fail to hold up, any deal or agreement will just fall apart. Worse yet, is that both sides until today cannot agree – even just for the optics – to find some middle ground despite constant talk of a deal being “very close” and “imminent”.
Markets are still holding out hope for the most part but are traders and investors underestimating the whole situation? It definitely does warrant some consideration.
For some background:
