Trump Made 38 Iran Peace Deal Promises. The 39th May Be Real -- but Before You Reposition Your Portfolio, Read This
The 39th time could be the charm. But it's not a foregone conclusion.
Trump Made 38 Iran Peace Deal Promises. The 39th May Be Real -- but Before You Reposition Your Portfolio, Read This
Overview
A peace deal between the U.S. and Iran is at hand. The critical Strait of Hormuz should soon reopen fully. Oil prices will finally pull back to lower levels, easing the inflationary pressure that's stretching many Americans' budgets.
We've heard something like this before. Actually, according to an analysis by CNN's Aaron Blake, we've heard it 38 times before. Blake recently documented more than three dozen times when President Trump claimed that a deal with Iran to end the war was close.
Details
The count is now at 39. This time, though, the U.S. and Iran have signed a preliminary peace deal for the terms of which remain unknown. Should investors reposition their portfolios in response to the good news? It's smart to understand what's going on first.
Source
Originally published at www.fool.com.
