Kevin Whitelaw

What we're really talking about isn't a deal deal, it is a path to a deal.

And so it would be some sort of an extended ceasefire or pause where the Strait of Hormuz would be opened up in some fashion.

I think that's probably realistically the best thing that anyone can expect at this point with most of the actual negotiations over the highly enriched uranium, et cetera, to come later.

But, you know, Iran has basically said they want sanctions relief.

They want some of their assets unfrozen.

And if Trump agrees to do some of that just to get this interim deal, he's really giving up a fair amount of his leverage.

Again, we expect energy prices as soon as there's a deal to plummet.

And when that happens, then there'll be a lot of room for the Fed to do the right thing at lower rates.

What we're really talking about isn't a deal deal, it is a path to a deal.

And so it would be some sort of an extended ceasefire or pause.

where the Strait of Hormuz would be opened up in some fashion.

I think that's probably realistically the best thing that anyone can expect at this point with most of the actual negotiations over the highly enriched uranium, et cetera, to come later.

But, you know, Iran has basically said they want sanctions relief.

They want some of their assets unfrozen.

And if Trump agrees to do some of that just to get this interim deal, he's really giving up a fair amount of his leverage.

Kevin Whitelaw there.

Elf ears.

What we're really talking about isn't a deal deal.

It is a path to a deal.

And so it would be some sort of an extended ceasefire or pause where the Strait of Hormuz would be opened up in some fashion.