If you listened to Vance today on the morning shows, he basically said they don’t actually have a deal with Iran yet but they have a “conceptual framework” that will require “more negotiations, concessions, and diplomacy,” before becoming real.
Whatever they are signing on Friday is like just a framework to somehow eventually get to a deal.
Politically, I don’t know or care what to make of that.
Economically, if it keeps the Strait open and gets oil to come down, that’s really all that matters for the market.
I am really looking forward to hopefully all of this being over.
However, I’m also wondering…assuming that the Iran situation is behind is, what’s the big bear case?