Bloomberg Surveillance · Wednesday, July 8, 2026
The ceasefire in the Middle East has ended, returning the situation to a state similar to March. Analysts suggest both sides are testing each other, with Iran demonstrating its influence over global oil supply through the Strait of Hormuz. Concerns are rising that Iran may be out of control, with the Revolutionary Guard not adhering to potential moderate factions seeking a ceasefire.
“And no, absolutely.”
“I mean, this is a geopolitical crisis that just won't go away, won't end.”
“The ceasefire, according to the. President, is over and he's clearly in a position to know and in a position to end it.”
“So we're back to square one in some ways, back to where we were in March. I think though, I think both sides are testing one another.”
“The unsettling development here, I think is may very well be that Iran is basically out of control, that the Revolutionary Guard is not going along with whoever is a quote unquote on the moderate side, moderate being that they'd like to cease fire to continue, and they'd like to come out with some sort of agreement.”