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SCENARIOS - Deal, delay or strike? Investors are on edge as Trump's Iran date approaches
Investors are weighing the various outcomes, from a ceasefire to a renewed military escalation, and their impact on oil, currencies, and risky assets. Iran did not show any sign of 'agreeing' to Trump’s demand that the Strait of Hormuz be opened by Tuesday evening or face massive attacks on civilian infrastructure. This would be the largest escalation of the?war yet. The Wall Street Journal reported on Tuesday that Iran has 'cut off direct diplomacy' with the U.S. Trump gave Iran until 8 pm in Washington (midnight GMT, and 3.30 am in Tehran) on Friday to end its Gulf oil blockade....