politics
Trump faces growing pressure to reopen Hormuz Strait — one way or another
Key takeaways
- Iran is coming under pressure from the Qataris and Pakistanis, the mediators between the two sides, to strike an agreement.
- Energy prices have been moving up this week, we saw some pretty negative moves on the market, both equities and bonds starting to respond unfavorably to the continued status quo, he told The Hill on Friday.
- The news of diplomacy has helped to rally markets in the last two days, but it s all predicated on the two sides reaching a deal at the same time.
Why this matters: political developments that affect policy direction and public trust.
Iran is coming under pressure from the Qataris and Pakistanis, the mediators between the two sides, to strike an agreement. But so is the president, who is dealing with sagging approval numbers and rising inflation, said Gregory Brew, Eurasia Group s Iran expert.
The polling is obviously bad. Energy prices have been moving up this week, we saw some pretty negative moves on the market, both equities and bonds starting to respond unfavorably to the continued status quo, he told The Hill on Friday.
The news of diplomacy has helped to rally markets in the last two days, but it s all predicated on the two sides reaching a deal at the same time.
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