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The Trumpgod is positive.
- President Donald Trump says the US and Iran could clinch a permanent ceasefire, with talks between Washington and Tehran possibly resuming this weekend.
- Trump claims Iran has agreed to terms including giving up ambitions for a nuclear weapon and turning over nuclear material, but Tehran has not publicly confirmed these concessions.
- A ceasefire between Israel and Lebanon has been agreed, with Trump directing US officials to work with both countries to achieve a “Lasting PEACE”, and Pakistan’s army chief has traveled to Iran to mediate a longer truce between the US and Iran.
Having won the war, why would Iran give up nuclear optionality? Any deal will only be a kick of the can, which obviously raises the risk for Israel.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.