TACO Tuesday Crashed Oil 15% on Iran's Terms
Brent crashed 15% on April 7 after Trump announced a two-week ceasefire with Iran. But Iran's Foreign Minister revealed Trump accepted the 'general framework' of Iran's 10-point proposal -not the other way around. Iran keeps control of the Strait, its military intact, and the negotiating leverage. Oil crashed on Trump's terms. The deal is Iran's.