The United States announces a 'Project Freedom' initiative to guide stranded ships out of the Strait of Hormuz amid Iran's blockade, with concerns over attacks, humanitarian risks, and violations of international navigation rights.
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Well, my read is pretty much exactly what you're saying, which is this all depends on what happens in the Middle East. And if that conflict, that ceasefire does get sustained and the Strait of Hormuz opens and ships are moving fast, then the inflation picture looks a lot better. But there's a lot of ifs there. And one of the things that I'm particularly conscious of is even when the Strait reopen, go pins you've still had disruption to the energy market in a big way that's going to take a little while to unwind there's been destruction of energy assets throughout the Middle East and so there will be some residual and lingering effects but with the straight open everything is a heck of a lot better than the opposite
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fragile and strategically questionable
Trump’s US-Iran ceasefire deal is a costly return to prewar conditions – and resolving nuclear questions will run into the ‘indivisibility problem’Spotted something wrong on this page? Report a correction.