Dear MEPIN Readers,
Will President Trump accept a deal on Iran’s terms to reopen the Strait of Hormuz and lower gas prices before the midterms or hold firm and let Economic Fury weaken Tehran? With the president’s approval ratings hovering in the low 30s, can he withstand the political pressure of continuing the war?
Reports suggest the U.S. is quietly escorting tankers through Hormuz, while Saudi and UAE pipelines are helping contain oil prices. Iran, meanwhile, may escalate attacks before November to drive up energy prices and punish Republicans at the ballot box.
With gas above $4 and history working against the president’s party in midterm elections, will Trump hold the line or cut a deal before November? — Eric