Jim Rickards Warns Oil's 'Peace Trade' Is A Trap

Summary

Jim Rickards Warns Oil's 'Peace Trade' Is A Trap Authored by Jim Rickards via Daily Reckoning , The price of oil has dropped sharply over the past few weeks. Traders are once again betting the war will end soon. This is a dangerous assumption. We've written from the beginning of the war that it would not be over quickly and the U.S. would struggle to win in the end , despite being able to inflict enormous damage on Iran and its economy. That forecast has proved highly accurate. Viewed from Iran's perspective, there has been no regime change. Iran still retains a substantial stockpile of…

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