Al Mayadeen cites a senior “Iranian political-security source” who says that a ceasefire in Lebanon will be approved tonight. The source also says it’s “possible” that Netanyahu may move to undermine it.
The ceasefire is said to be for one week but will extend with the Iran-US ceasefire, which was reported by the Associated Press to be under discussion to extension, citing mediators.
This is another sign that everything is leading towards peace but with a 10-day rally in the Nasdaq, I’d argue that peace is +90% priced in already and note that the toughest discussions are always at the end. I can’t imagine it will be a completely smooth process and every day of missing oil production hurts.
S&P 500 futures are up 0.1% and have ticked higher following this report.
Update: An Israeli official cited by Israel’s Channel 12 says they have not received any decision or request regarding a ceasefire .
Update 2: Israel to convene cabinet to discuss ceasefire at 1700 GMT, according to RTRS citing a senior Israeli source. Channel 12 also reports that the Israeli army has already begun preparing for a ‘stop’ signal from the political level.
This article was written by Adam Button at investinglive.com.
