GeopoliticsIMPORTANT
US Treasury Secretary Bessent says we may have Iran deal tomorrow to open Hormuz, via CNBC interview
StockNow breaking-news AI analysis
Secretary Bessent expects a deal to reopen the Strait of Hormuz by Aug 5, causing oil prices to drop and markets to anticipate relief as tech investment remains strong.
News detail
Deal is possible Tuesday or Wednesday, on Hormuz. Saw quite a few ships coming out of Hormuz, even now. Expects energy prices to settle down. Things may have been dicey in the past few days in Gulf. Could see big relief trades as those prices go down. There are a lot of short-term indicators. Seen interest rate rise with no let-up in AI Capex.
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