Today: Peace Agreement – Economist Südekum on the Consequences of the Iran War

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When will the road from Hormus become passable again – and what are the economic consequences? In addition, the Volkswagen balance sheet in the analysis.

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“The peace agreement between the United States and Iran is a rescue to China for the impact it would have on Chinese energy, inflation and economic growth,” Daniel Lacalle, chief economist of Tressis at a press conference, explained yesterday, adding: “China has noticed the impact of the free oil loss of Iran and Venezuela and the explosion of the largest housing bubble in history,” he added. The key to the global economy is that the energy shoc…

Notes - by Stefano Feltri

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From the United States' perspective, the agreement with Iran is a declaration of surrender; there's no other way to present it: Iran lifts its blockade of the Strait of Hormuz and commits to removing the mines that have made it unnavigable since the end of February. Thus, the Islamic Republic is merely returning to pre-war conditions. In the face of this success, which is actually a return to the pre-war status quo, the United States is making s…