The Iran war is over, maybe.

 

The President said there is a agreement to end the war in Iran.

Most Asian matkets rallied on the news, even Japan. 

Oil was down 4% or so on the open, gold up more than 3% I believe. 

Most analysts dont seem to believe the war with Iran is over. I believe it will take a month or more for Iran to cooperate with the United States if ever.

Well for now there is euphoria and limited celebration, so we will see how it goes.

To get oil and other commoditys flowing in the Straight of Hormuz will take months of trust to build up and years of repair in all the countries involved in the bombing. 

The good news is there will be at least a few months for ships to move and readjust to the new reality. 

It will be tough to get work crews in their even with higher pay.

I hope it goes well for everyone. 

Thanks for reading.