"Bishop stated, 'as of now, our basecase remains that President Trump is likely biding his time before a larger offensive, rather than 'genuinely' agreeing to end the war on Iran's terms.' This perspective suggests skepticism about the sincerity of the ceasefire."
"Bishop further noted, 'Whether this proves to have been the case will determine whether today marks the beginning of the end for the war, or a mere delay in further escalation ahead.' This highlights the uncertainty surrounding the ceasefire's implications."
"De Haan remarked, 'based on current markets, gas prices could start reversing nationally in 48 hours or so- by a few cents.' This indicates potential immediate economic impacts from the ceasefire."
President Trump declared a two-week ceasefire with Iran, aiming to extend negotiations to end the war if Iran reopens the Strait of Hormuz. Analysts noted that reactions were largely partisan and cautioned that the ceasefire might be temporary. Bishop from Signum Global Advisors suggested that Trump may be delaying a larger offensive rather than genuinely seeking peace. De Haan indicated that gas prices could begin to reverse nationally within 48 hours due to market reactions to the ceasefire announcement.
Read at www.businessinsider.com
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