$CL Iran softens and relaxes ceasefire conditions, but the U.S. is becoming increasingly tough on the Houthis
As things stand, it looks like four European countries + Israel, Saudi Arabia, Pakistan, and Turkey may launch a coordinated campaign to attack the Houthis
However, the risk of going long is still far greater than the risk of going short. I will first stand by and wait to see if there are price levels above 98.5 where I can short lightly. Any real main short position will be held off until Tuesday’s UN Gulf meeting, to see whether there will be any good results
As things stand, it looks like four European countries + Israel, Saudi Arabia, Pakistan, and Turkey may launch a coordinated campaign to attack the Houthis
However, the risk of going long is still far greater than the risk of going short. I will first stand by and wait to see if there are price levels above 98.5 where I can short lightly. Any real main short position will be held off until Tuesday’s UN Gulf meeting, to see whether there will be any good results