Kholood Khair, Founding Director, Confluence Advisory:
Well, we're getting some mixed reports.
Overall, it seems like there is more calm than there has been in the other — during the other cease-fires, but we are hearing reports of intense fighting in some areas. So what it looks like is that the fighting has been scaled down, which is no mean feat and is something to be thankful for. But, at the same time, we haven't seen a total cease-fire.
The other six cease-fires that preceded this one had not held, because there were — there was no or else as part of the agreement. It was, pretty pleas, would you stop fighting. What we're seeing this time around is that the U.S., who helped broker the cease-fire, is saying that it is prepared to use, for example, sanctions to enforce a cease-fire.
But, as yet, we don't have an idea of what that will look like.
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