Trump's hoped-for start-of-the-week

I still don't think that Iran will keep its promises that it purportedly made in the Pakistani-negotiated Memorandum of Understanding, aka MOU. Still, it's worth noting that the stock market is off to a fast start and oil prices continue dropping. Further, Mark Penn's tweet makes some important points. For instance, Penn wrote "The President pulled back from historic and impressive military superiority once the Iranians captured the Strait and held leverage. That is usually what Trump does only they did it first. But as soon as he restarted the bombing, Iran saw that its actions would have consequences and came to this deal."

Today, President Trump is attending the G-7 Summit, which potentially means some tense conversations. The Hill reports "President Trump arrived in France for the Group of Seven (G7) summit, having electronically signed on Sunday the memorandum of understanding between the U.S. and Iran. It would open the Strait of Hormuz on Friday, after it is formally signed in Geneva, but it pushes thornier issues, like Iran’s nuclear capabilities, into 60 days of negotiations."

Trump checked in Monday afternoon local time to the resort in Évian-les-Bains, where the G7 will huddle through Wednesday. On the sidelines, he met with French President Emmanuel Macron.
That conversation was between a confident Trump and a hesitant Macron. Later this week, when they start talking about clearing out the Strait of Hormuz, there will be more tense conversations.

President Trump answers questions:

That explains why oil prices are dropping.

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