1141 8 April Escalation
Iran has hit Kuwait’s WATER Desalination plant and 3 power plants this morning
Saudi Red Sea pipeline hit and off line (the one everyone has been talking about that is a sitting duck)
Israel has overfilled Lebanon’s hospitals with attacks
Trump and the US media are still taking victory laps on the genius ceasefire
1125 8 April
No Ceasefire
The markets are reacting to headlines, not reality.
There is a ceasefire in name only. Iran and Israel are still fully engaging and Iran stopped all ships passing the strait until Israel stops leveling Lebanon like they did to Gaza. Even China has weighed in on Lebanon saying Israel will not be allowed to repeat their destruction.
The ceasefire DID include Lebanon, but Israel says “no”. Israel wants the US to keep attacking Iran. Israel has gotten everything it wants out of Trump so far to include starting this war.
Markets
The US markets are dialed in to headlines, not reality. Remember this.
PS. That Saudi pipeline to the Red Sea has also been taken off line by an Iran drone attack since the ceasefire.