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White House: Deal for Gaza ceasefire has been more elusive than US hoped

  • More pressure needs to be applied to Hamas to end the conflict
  • Anarchy reigns in parts of Gaza
  • Major ground operation in Rafah would be a mistake

It’s not looking good here but it’s not hopeless. Wars tend to end quickly and hopefully there is a break through soon. That said, the oil market isn’t minding this, up another $1.73 to $82.71. It would certainly be a sell-the-news reaction on a peace deal but I don’t know if it would be worth more than $3-4.

This article was written by Adam Button at www.forexlive.com.

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