Contrarian Sheep

[Contrarian Sheep @DavidCthrough]

Its embarrassing for Trump and everyone in the administration, but surrendering was the only viable option to avoid a global recession. What is unwise (and unsurprising coming from trump) is publicly stating that the SoH not reopening in short order was going to cause havoc

[Contrarian Sheep @DavidCthrough]

@SandsReport @Nostre_damus Nevermind ships going back. Rubio testifies under oath that there are a lot of sea mines in the SoH. They need to be cleared before any significant flow of ships restarts

[Contrarian Sheep @DavidCthrough]

So the SoH isn’t open for business after all… How surprising

[Sulaiman Ahmed @ShaykhSulaiman]

JUST IN: TRUMP SAYS IF HE DIDN’T DO A DEAL WITH IRAN THERE WOULD OF BEEN A WORLDWIDE DEPRESSION COMING & THE STRAIT WOULD NEVER OPEN

“The alternative would be a worldwide depression.

Stupid people want to have a worldwide depression.

They are stupid people.

Number one, the strait would never open.”

[Contrarian Sheep @DavidCthrough]

@Rory_Johnston He had to do it. Pushing forward with the war would’ve likely led to a global recession. As weak of a deal it is for the US and as embarrassing it is for Trump, it was the right move to get out of that quagmire.

[Contrarian Sheep @DavidCthrough]

@GavMcCracken Slowly but surely

[Contrarian Sheep @DavidCthrough]

Oil bears taking a victory lap saying oil going back below 70 before year-end and oil bulls having mental breakdowns. As a cautiously optimistic e&p bull, I like the sentiment. Getting close to a bottom imo

[🏴‍☠️ @calvinfroedge]

Now the talking heads are saying deflationary bust because of weak China macro and that's why oil is down

I honestly hope oil goes to 50 and China buys every f****** barrel just to teach you people a lesson

[Aleph א @no_itsmyturn]

Al Arabiya says it has obtained a copy of the 14-point agreement between the US 🇺🇸 and Iran 🇮🇷 expected to be formally signed on Friday.

If accurate, it aligns more closely with Iran's narrative than the US's regarding the deal.

1. The Islamic Republic of Iran and the United States, together with their allies in the current war, declare upon the signing of this Memorandum of Understanding an immediate and permanent end to the war on all fronts, including Lebanon, and undertake that from now on they will not launch any hostile action against each other, and will refrain from the threat or use of force against each other. The final agreement will confirm the provisions of this Article and the remaining Articles.

2. The Islamic Republic of Iran and the United States undertake to respect each other's sovereignty and territorial integrity, and to refrain from interfering in each other's internal affairs.

3. The Islamic Republic of Iran and the United States undertake to negotiate and reach a final agreement within a maximum period of 60 days, extendable by mutual consent.

4. Immediately upon the signing of this Memorandum of Understanding, the United States Lift the naval blockade and prevent any interference or obstruction against the Islamic Republic of Iran, and restore traffic within a maximum of 30 days to its full capacity; the traffic of ships shall be proportional to the pre-war volume of traffic on the part of the Islamic Republic of Iran. The United States also undertakes to withdraw its forces from the surrounding areas within 30 days after the final agreement.

5. Upon signing this Memorandum of Understanding, the Islamic Republic of Iran will immediately take steps to ensure that the movement of merchant ships from the Persian Gulf to the Sea of Oman and vice versa is resumed within 30 days to the pre-war volume, taking into account the need for the removal of technical obstacles and the neutralization of mines by Iran.

6. The United States undertakes, together with its regional partners, to create a comprehensive plan agreed upon by both parties for the rehabilitation and economic development of the Islamic Republic of Iran, While ensuring financing of at least $300 billion. The implementation mechanism of this plan, as part of the final agreement, will be formulated within 60 days.

7. The United States commits to ending, on a schedule to be agreed upon as part of the final agreement, all types of sanctions currently facing the Islamic Republic of Iran, including resolutions of the United Nations Security Council and the Board of Governors of the International Atomic Energy Agency (IAEA), and all unilateral U.S. sanctions, both primary and secondary.

8. The Islamic Republic of Iran reiterates that it will never produce nuclear weapons. The Islamic Republic of Iran and the United States have agreed that the fate of enriched material and the fate of all other mutually agreed nuclear-related issues, including Iran’s nuclear needs, will be adequately addressed in a final agreement; the final agreement will confirm the provisions of this Article.

9. The Islamic Republic of Iran and the United States agree that, pending a final agreement, they will maintain the status quo: Iran will maintain the status quo on its nuclear program, and the United States will not impose new sanctions on Iran or strengthen its forces in the region.

10. The United States undertakes that immediately after the signing of this Memorandum of Understanding, and until the date of the lifting of sanctions, the United States Treasury Department will issue waivers for exports of Iranian crude oil, petrochemical products and their derivatives, and all related services, including banking, insurance, transportation, and the like.

11. The United States undertakes that, in light of the progress of negotiations towards a final agreement, frozen or restricted funds and assets of the Islamic Republic of Iran will be released and made fully available. These funds, whether held in the master account or transferred, will be used for any final beneficiary payment determined by the Central Bank of the Islamic Republic of Iran and will be fully available for use. The United States undertakes to issue all necessary permits and licenses on this basis.

12. The Islamic Republic of Iran and the United States agree that an implementation mechanism will be established to oversee the successful implementation of and future commitment to the Final Agreement.

13. Following the signing of this Memorandum of Understanding, and upon receipt of assurances regarding the commencement of implementation of Articles 4, 5, 10, and 11 of this Memorandum of Understanding, and the continued implementation of these steps, the Islamic Republic of Iran and the United States will enter into negotiations for a Final Agreement solely with respect to the remaining Articles.

14. The final agreement will be approved through a binding resolution of the UN Security Council.

[Contrarian Sheep @DavidCthrough]

@calvinfroedge The lower oil prices go, the more the demand will be strong and the more the drainage will continue as a result. It seems the perspective on oil will only change once there will be visible physical shortages

[Contrarian Sheep @DavidCthrough]

@kirawontmiss Dude is in the wrong here. You are not a woman. Bring your girls in the men bathroom

[Contrarian Sheep @DavidCthrough]

With oil prices this low, demand should remain strong and the drainage will continue unabated.

[Contrarian Sheep @DavidCthrough]

I wont be the one to short $spcx but the person who will at the correct time will make a killing. Should trade at 1T at the very most. 600-700b more realistic

[Contrarian Sheep @DavidCthrough]

Eric’s tone is changing. He had it wrong.

[Eric Nuttall @ericnuttall]

What does "the day after" mean for oil and Canadian energy stocks, and how we are positioned for it: https://t.co/PIuAcAD1Mg

[Contrarian Sheep @DavidCthrough]

What a moment

[Contrarian Sheep @DavidCthrough]

Smoking cigars on your opponent’s court after winning a championship is CRAZY😭

[Contrarian Sheep @DavidCthrough]

Its going to be Arkham in NYC tonight😂 congrats to the new champs!!

[Contrarian Sheep @DavidCthrough]

Dearon Fox has single handedly taken the spurs out of that game. Incredibly bad shotmaking

[Contrarian Sheep @DavidCthrough]

This game is blatantly reffed in favor of the spurs. Doing a disservice to the game

[Contrarian Sheep @DavidCthrough]

No challenge on Brunson taking a charge ?! Tf is Mike Brown doing

[Contrarian Sheep @DavidCthrough]

@trend_bullish @DonDurrett One of the Iranians hardliner did an interview in which the control of the SoH was far from clear. I think a lot of oil bulls, myself included, have over estimated Iran’s leverage