Oil rises and Asian stocks fall amid worries over ‘fragile’ ceasefire deal in Middle East – business live

Oil prices are rising and Asian stocks are falling due to mounting concerns over the fragile ceasefire deal in the Middle East. Mohit Kumar of Jefferies highlights that the truce is showing cracks, with Iran accusing the US and Israel of violating terms through attacks on Lebanon. Despite this, Kumar believes the truce will hold, attributing its endurance to the principle of mutually assured destruction (MAD) rather than a genuine solution. Both the US/Israel perceive a war as unwinnable without solutions for cheap drone interceptors and bypassing the Strait of Hormuz, while Iran's IRGC needs time to consolidate power amidst a struggling economy and leadership losses. The article also includes an aggressive, capitalized statement, seemingly from a US perspective, asserting that US military forces will remain in the region and threatening severe action if a "REAL AGREEMENT" on no nuclear weapons and an open Strait of Hormuz is not met, proclaiming "AMERICA IS BACK!". This complex situation suggests an uneasy but potentially enduring truce driven by mutual strategic interests and threats.