Haseeb

There seems to be just a lot of confusion, a lot of different messages being received from different places.

There's constantly contradictions from within the Iran camp about what they want, who's saying what.

There's all these reports about it's very difficult to negotiate with Iran because there isn't a clear governmental structure yet, or at least it's not apparent.

That may become clearer now that there is a ceasefire.

And ostensibly, you know, it's been now over 24 hours that we've had no missiles fired at anywhere in the region.

And, you know, the Strait of Hormuz is not open in the way that it was supposed to be according to the ceasefire.

It was supposed to be free and available to anybody.

It looks like they're charging tolls in the millions of dollars for ships to go through the Strait of Hormuz, which is still a significant impairment to oil prices if that continues.

But

things have stabilized.

And it seems like it's in everyone's interest for things to stabilize.

But the markets are not fully buying it.

And you see it in the oil prices as well.

Oil prices have rebounded quite a bit from seeing that Iran is not really playing ball.

And they seem to be insistent on controlling the Strait of Hormuz as a way of, quote unquote, getting recompense for the war.

And if they feel entitled to this...

there may be more rockiness going forward.

So I'm not super hopeful that the situation is going to go back to normal.

I think that's kind of dead.

That there'll be no more war or no more of a hot war?