Daily Market View 07-05-2026
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Hopes build of a lasting Gulf peace
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Out of the blue comes a chance at peace, with the market really seeming to believe that this is the one. Trump's suspension of operation "freedom" yesterday did suggest at a wider game being played, with the Iranians now apparently being pliable enough to be sent a 1 page memorandum on practical steps to peace.
Details are scant, but the 1 pager apparently takes a step by step approach, with each side easing the pressure off the other with each step. No mention of the most major sticking point: that being the nuclear question, which makes me wonder just to the longevity of any such deals. Still, provided it isn't one of the President's rug pulls and kinetic strikes resume Friday, it is the closest we have been to de-escalation for weeks.
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