The guns are quiet, the oil is flowing again, and nobody has solved anything yet. Sixty days to figure out the rest. Good luck to everyone involved. But still we plausing hands to mr. Trump and Iran after they reached an initial agreement this week intended to end more than three months of war and reopen the Strait of Hormuz! 👏

Trump signed it over dinner at Versailles with Macron. Iran signed it in Tehran. Markets celebrated: the S&P 500 jumped nearly 2% and oil dropped almost 5% on the news. 🚀

BUT - here's the catch. Iran still holds roughly 400 kilograms of uranium enriched to 60%, and the question of what to do with that stockpile was a major sticking point in negotiations, and it's still unresolved. Both sides agreed to a 60-day ceasefire and technical talks, with Iran repeating its past pledge never to acquire nuclear weapons - the same pledge it made in 2015, which didn't end well.

Trump's approval ratings have been sliding as Americans feel soaring gas prices and inflation, and he acknowledged at a press conference that he signed the deal because he "didn't want to see an economic catastrophe." - Amazon.

So: the guns are quiet, the oil is flowing again, and nobody has solved anything yet. Sixty days to figure out the rest. Good luck to everyone involved.