The problem with a ceasefire is that it does nothing to restore the longer term confidence necessary for ships to start routing through the Strait. If a ceasefire is set to last only five or even twenty-five days, no ship not already in the vicinity is going to get there in time to take advantage of any pause.
Instead, a ceasefire prolongs the shortage of oil passing through the Strait of Hormuz, even if it might temporarily reduce the severity of such shortage. Almost a month in to the conflict, a ceasefire could easily put us past the point of no return in terms of a 1973-esque oil supply shock.
I personally think this cease fire is likely to fail and am inclined to fade market euphoria.
But that doesn’t mean that has to be today. Markets can run with this a bit longer because they were looking for good news.
U.S. Central Command forces have begun launching a series of powerful strikes against Iran to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway. The U.S. strikes are in response to Iranian attacks on three commercial vessels that were transiting the Strait of Hormuz. Iran’s demonstrated aggression was unwarranted, dangerous, and a clear violation of the ceasefire.
@femalenatured it happens. you could probably give it one more shot but usually these types end up being a waste of time, especially when they're younger. some kind of false concept of purity which, from your other reply, she's clearly not pure