In a follow-up to a previous News Views article:
What is probably the first time in his miserable and hate filled life, Trump took a step back, thought things through, and relented on his ‘whole civilization will die tonight” threat and agreed to a two-week ceasefire if the Islamic Republic opens the Strait of Hormuz. Surprisingly, Israel agreed to the same.
How the Markets (manipulation) Have Responded:
Oil plunges, stock futures rip higher on Trump announcement about ceasefire
Oil prices plunged after Trump announced he would suspend attacks for two weeks if Iran reopens the Strait of Hormuz, with U.S. crude oil sliding 8%, to around $103 per barrel, after having traded as high as $117 earlier today.
S&P futures are also ripping higher by more than 1.6%. Nasdaq 100 futures are soaring 1.8%, and Dow futures are up 725 points.