Two lines that can blow up the proposed ceasefire
Hamas has responded to ceasefire proposals developed by foreign mediators. One line in that response will probably lead to regional escalation, though likely not between Iran and the US.
Commercial Summary: Further escalation between Israel and Lebanon, in the Red Sea and by Iraqi militias attacking Israeli ports is likely in the coming weeks. The risk from protests to US assets in the region will increase, especially in March. The war is likely to continue for longer. Please find at the end an apology and explanation for what I now thi…