Don’t be fooled, Trump is not done with the war yet
Nervous investors are desperately seeking signs that the US president is headed for an off-ramp, but the latest events are not evidence that a ceasefire is close.
Washington | It was clear from the way that markets gripped tightly to the relief offered by Donald Trump’s de-escalation in Iran – even in the face of “fake news” denials from Tehran – that investors were looking for a breakthrough.
And fair enough. The prospect of US forces taking out Iranian power plants – worth $US10 billion a pop to build, according to Trump – had so rattled what was left of the Islamic Republic regime that it had threatened to retaliate with devastating strikes on critical infrastructure and tourism spots across the Middle East.
