Macquarie: Cautious Outlook on Optimism in Imminent "Peace Agreement" in the Middle East

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Odaily Planet Daily reports that Macquarie Bank’s global strategists Thierry Wizman and Gareth Berry stated in a report that it is premature to have high expectations that a “peace agreement” in the Middle East will be reached within the next few days, as the demands of both sides still seem difficult to reconcile. The idea of the U.S. abandoning its demands regarding Iran’s nuclear assets or simply withdrawing its bases in the Gulf region is unrealistic. At this stage, it is also unlikely that Iran will give up its support for its proxy armies. However, this war is unlikely to last until after mid-April, as Iran’s threat is likely to be eliminated by then. Once the threat is removed, the U.S. will have the upper hand in any subsequent negotiations. (Jin10)

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