Damian Paletta

This ceasefire, two weeks, whatever, however it's going to last, it's not going to solve all his problems.

But it might be a start.

I don't believe it will because there's still just so much uncertainty about the way that oil is going to move around the world.

And so I would have to think, especially if the Iranians now think they can charge like a carrier fee or like a gate fee on the barrels.

So I would assume that gas prices are going to stay high and in fact continue going up.

It's going to depend on different parts of the country.

But as we get closer to Memorial Day, I can see a scenario where this might be a really expensive summer for Americans.

And that can change consumer behavior.

That can change all kinds of things.

But unless there's like a permanent solution here that reopens the strait and actually expands somehow refining capacity, we could be in for, you know, a very expensive summer and fall, which is the last thing Republicans need heading into the midterms of November.

My prediction is that in the next two weeks, there will be signs that we're about to go sideways again.

There will be threats.

There will be new ultimatums.

The most likely scenario is that this two-week thing will be extended again.

You know, they'll make progress in the talk.

Maybe they agree on two of the things, but let's keep trying.

We're talking.

And so, you know, they just keep punting it out two weeks at a time.

In a world of diplomacy, that kind of works.

That's how things work.