It was hoped that negotiations would work and Iran would give in to its nuclear endeavors. That did not happen.
Israel attacked.
The next hope is that the pounding from Isreal would lead to a truce, a time for negotiations at some point. Iran fought back and had some success but has little in the way of air defenses like the iron dome in Israel. UK, France and Germany are giving their best shot at a truce through negotiations.
What we know, however , is that Netanyahu has been one to see the mission complete. That mission is no nukes.
The question is can Isreal put a stop to the Uranium enrichment without the US bunker buster bombs, which needs the Stealth B-52 to deliver – putting the US in the conflict..
Also, the WSJ reports that it may also take boots on the ground to gain full control of the nuclear facilities.
Trump is against that. He waits.
Meanwhile, Isreal will likely continue to attack. Does Iran have enough missiles to put the Iron Dome at risk of breaking down?
That is another dimension of this conflict which could make things more ugly ahead for both countries and up the stakes for a ground war.
The UK, France German talks with Iran are ending soon. Expect a statement, but not sure if it will be joint, or just from the 3 European nations.
The S&P index is near unchanged. The NASDAQ index is still down 51 points or -0.26%. The Dow industrial average is up 0.27%
The July crude oil contract is trading down -0.19% at $75. The August contract is trading down -$0.29 or -0.3% at $73.20.
This article was written by Greg Michalowski at www.forexlive.com.