I’ve been saying for months that this situation wasn’t going to be solved overnight.
Nothing that has happened over the last 48 hours changes that view.
President Trump announced that Iran had requested talks in Doha. Almost immediately, Iranian officials pushed back, denying that any technical meetings were scheduled. Once again, we’re getting conflicting headlines from both sides.
That tells you everything you need to know.
This is still an active geopolitical chess match.
The Strait of Hormuz remains one of the most important pieces on the board. Iran continues to use it as leverage in negotiations with the United States, while commercial shipping is still moving through the region at reduced levels following recent attacks on vessels.
Diplomacy may continue.
So can tensions.
Those two things are not mutually exclusive.
Markets have a funny way of pricing in best case scenarios long before they actually happen. Then reality reminds everyone that these situations are rarely that simple.
That is exactly why we don’t trade headlines.
We trade trends.
Want to see how we are trading it?
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