Has Trump averted an energy crisis?
Have markets and governments horribly underestimated the fallout from the Iran war, or is it the doomsters who have got it horribly wrong? President Trump’s announcement has rather caught the world off guard. This morning, he posted on Truth social saying that he is seeking a negotiated settlement with Iran and has postponed his planned attacks on energy infrastructure. Many expected a huge escalation in hostilities this week. Could this be yet another example of TACO (Trump Always Chickens Out), or was his threat to bomb energy infrastructure another crafted bluff – and that order to the global economy will be swiftly restored? At the end of this crisis, the