Israel and Iran bombed each other about three weeks ago and oil prices are now low enough that the SPR (Strategic Petroleum Reserve) is considering buying some.
It is by Matthieu Zeitlin. One interpretation of the current balance is that Iran and Israel have shown that they really don’t want escalation, or maybe they just don’t want it. able climb. This was probably less obvious two months ago.
It’s difficult to establish such credibility unless things get really sticky and both sides step back from the brink.
I don’t think this is the only way to read recent events. An alternative would be: “We are seeing a widening of concentric circles of violence, and the next cycle is going to be a real disaster. »
Maybe, but so far the markets seem to believe in the most optimistic scenario.
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