The View from 5th Avenue – 21 April 2026

The peace-talk hopium is officially on life support after JD Vance cancelled his trip to Pakistan, though the desk can confirm he didn't just "miss his flight" or get stuck in an Islamabad-bound Uber. The reality is a classic case of geopolitical ghosting: Iran delayed its response to the ceasefire framework, and the Secret Service reportedly couldn't secure the perimeter on a mere 24 hours' notice. With peace odds now dropping, the market is treating the situation like a bad trade—long on expe…

The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.

Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.