In the space of a week, the dialogue on Syria unraveled. As Britain pulled out and Obama called for a vote in Congress, there was a sense it might not happen at all.
The tide has turned once again as Obama received several key Republican endorsements including one from House Speaker John Boehner. The timetable is stretched but once again, it’s a matter of ‘when’ not ‘if’ the US will attack. In a sign of things to come, oil jumped more than a $1 on (false) signs of missile attacks today.
The bias remains to sell oil but it’s difficult to take a short position until after the bombs fall.
Only a matter of time now
