NBC is quoting an unnamed senior administration official as saying Trump’s trying to get Netenyahu to curb attacks on Lebanon in order to save the ceasefire.
Mounting global condemnation of Israel on Thursday was matched by confusion over whether Lebanon was part of the truce deal agreed to by President Donald Trump.
www.nbcnews.com
This far the Strait of Hormuz remains practically closed. There has been no increase in shipping through it since the purported ceasefire was announced.
Fortunately, what I’m not seeing so far this morning is reports of attacks overnight. I can’t say there were none, but I’ve seen nothing yet, in sharp contrast with yesterday. Hopefully we see things actually now winding down to a state that allows for meaningful and effective negotiations and restoration of normal trade activity. Because each day that this drags on and the strait stays shut, large parts of the world are heading off a cliff in terms of petrochemical supplies. Even if the strait opened today it would be weeks before cargoes started arriving in ports at the other end.