Mike Baker

over the past month by almost 10%.

As we've seen over the past few months, the energy markets do seem to grasp and cling to any hint of positivity or optimism, with oil prices sometimes fluctuating based on a single social media post from President Trump.

Who knew that the markets were so fickle and easily swayed?

Now, again, not to be the male version of Debbie Downer, but the Iranian regime, as of writing this, has not officially confirmed or declared that this trade is completely open to commercial shipping.

Again, that does seem to be an important missing element.

And some of the more controversial provisions in the supposed agreement involve issues that do remain unresolved.

One clause that immediately jumps out for concern revolves around Lebanon.

According to one of the leaked drafts, the agreement calls for a permanent cessation of hostilities on all fronts, including in Lebanon.

Prime Minister Sharif appeared to reinforce that point in his statement Sunday.

The problem is that, well, neither Israel nor Lebanon is actually a signatory to this or any supposed agreement.

Now, Iran certainly has substantial influence over Hezbollah, of course, and the U.S.

maintains close ties with Israel.

But influence and control are not the same thing.

Whether this provision represents a firm commitment, a diplomatic assumption, or simply an aspiration remains an open question.

But, knowing the history of these conflicts, I'm going to say that the wording related to any fighting between Israel and Lebanon is purely aspirational.

And yes, I know that makes me sound churlish.

So be it.

The economic provisions that are supposedly in the agreement are generating even more debate.

Several versions of the agreement reportedly include sanctions relief for Iran, Treasury Department waivers allowing Iranian oil exports to resume, and the gradual release of frozen Iranian assets.

Those measures would provide Tehran with desperately needed economic breathing room after months of conflict and years of sanctions pressure.