The US is hailing a deal that essentially (but not quite) recreates the economic conditions that existed on 28 Feb.
Brent crude is still up 36% this year; US oil price up 39%. The inflationary genie is out of the bottle, and other such mixed metaphors, apply.
Patrick Smith
The US and Iran said they reached an interim peace agreement to reopen the Strait of Hormuz and move further toward ending the war
The US and Iran reached an interim peace agreement to reopen the Strait of Hormuz and move further toward ending a 15-week war that’s wrought chaos across the Middle East and reverberated through the global economy.
