Global Daily: World peace

Wall Street traders walked into the office yesterday morning to see headlines that world peace was just beyond the horizon, as Turkish, Saudi, Qatari, and Pakistani officials wrapped up meetings in Tehran to try and bring an end to the war. And so, the headlines rocked that “Iran’s Supreme Leader Calls for Meeting Conditions to End War.” Markets priced in the likelihood of the war actually ending accordingly- given that conversations about nuclear never even made it to the table- with brent crude oil one-month futures down about $2 to $114/bbl.