We’ve Been Here Before By Bas van Geffen, senior macro strategist at Rabobank Phil Connors has woken up to another instance of the same day. The US, Iran and Oman are said to be close to a new deal to reopen the Strait of Hormuz. Axios reports that the US aims for an announcement today. So, Brent futures dropped to $79/barrel and equity markets rallied further, for the S&P 500 to set a fresh record high. The reported deal could just as well have been written a couple of weeks ago. Axios prints that the deal includes an inbound shipping… — Continue at ZeroHedge News : Read More
