The 60 Day Peace Window Closed, and Trump’s Iran Strategy May Shift Dramatically
Goldman Sachs: Europe Needs Much Higher Gas Prices to Secure Winter Supply Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author.
He was Head of Forex Institutional Sales and Trading for… 17 August marked the 240th anniversary of American folk hero Davy Crockett -- ‘King of the Wild Frontier’, as the old song goes.
It also marked the official end of the 60-day period for negotiations to end the conflict between the U.S.
President Donald Trump sees himself as King of his own Wild Frontier is anyone’s guess.
And whether he will have an affectionate song written about him in the year to come remains to be seen.
But, judging from the current situation in and around Iran, and its ongoing global ramifications, few people are likely to be singing and dancing in the streets any time soon; it seems safe to say.
So, where exactly are we in a conflict that has every sign of becoming the sort of ‘endless war’ that Trump swore to his supporters that he would never get the U.S.
involved in again? As it stands now, the U.S.
has officially halted peace negotiations and has shifted to a total enforcement posture.
Bizarrely, it has to be said, Trump has declared the Strait of Hormuz -- the key global energy transit route through which around 30% of the world’s oil historically moved and about 20% of its liquefied natural gas (LNG) -- “an American territory” and stated he would formally designate it as such “pretty soon”.
In line with this extremely bold reimagining of reality, he added: “We have the blockade.
No ships get through unless we want them to.” Washington has also re-initiated its most severe economic isolation campaign to date, under the operational handle of ‘Economic D-Day’, warning that any country allowing Iran access to their banks, business networks, or airports will face immediate secondary sanctions.
| Product | Price | Change |
|---|---|---|
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| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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