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Fontanelle, IA | Probably depends upon what Iran does next.
If the ayatollah calls President Trump and accepts terms, I could see that as deflationary to oil provided that Iran somehow is allowed to sell oil on the global market to generate revenue to rebuild their country. If moderates take over the Iranian govt, I think it is even more deflationary - more latitude to sell oil on global market. Russia then has to discount even more its oil onto the global market….which EU will continue to deep throat Russian nat gas and proclaim how much energy EU is “saving” because of the cheaper price.
Russia then has to figure out another source of drones to bomb Ukraine. Quick reality to both sides to accept some sort of metals deal quasi truce? Reconstruction in Iran and ukraine then becomes inflationary as building materials are preferentially consumed during the rebuilding phase. | |
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Two questions.
