"A whole civilization will die tonight, never to be brought back again. I don't want that to happen, but it probably will, the president posted on Truth Social."
"I think the market is trying to stay balanced on both feet, because I think it's hard to discern that type of rhetoric as a promise of something very destructive and long-lasting."
"After Trump announced the two-week ceasefire, oil fell 16% as of this writing and stock futures surged, with the major indexes climbing."
President Trump issued apocalyptic threats against Iran, warning of severe consequences if the Strait of Hormuz was not reopened. Following these threats, he announced a two-week suspension of strikes as negotiations continued. CNBC's Sara Eisen questioned how investors would react to such rhetoric. Commentator Mike Santoli noted the market's confusion regarding the potential for destruction versus de-escalation. After the ceasefire announcement, oil prices fell significantly while stock futures rose, indicating a shift in investor sentiment.
Read at www.mediaite.com
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