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The Kobeissi Letter
@KobeissiLetter
Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: support@thekobeissiletter.com
Joined June 2015
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BREAKING: The S&P 500 rises on reports that talks between the US and Iran have entered a "technical stage," per Al Jazeera. Details include: 1. Negotiations in New York have reportedly moved beyond initial diplomatic contacts into a "more detailed technical phase" 2. Technical experts joined the discussions in New York after a first meeting involving US envoys Witkoff and Kushner 3. Iran's proposed 7-day plan to reopen the Strait of Hormuz if the US ends its blockade is being discussed as an accelerated version of a previously discussed 60-day process 4. Both sides also continue to discuss other arrangements for the Strait of Hormuz Oil prices are pulling back on the news.
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