Stock markets, which have fully devolved into a circus animal responding to the one stimulus they know, bought the dip hard on the president's word. Even before this insane AI rally where stock markets are doing their best crypto impression, the concept of smart money in finance was not defined by the number-go-up traders on the floor of the New York Stock Exchange.
The Iranian choke hold on the Strait of Hormuz evidently had a lot to do with it. By cutting off roughly one-fifth of the world's oil supply over the past five weeks, Iran's blockade of that narrow waterway caused an energy crisis and fears of a global recession that the White House could not abide for long.
The war in Iran must now become a line in the sand, because how we emerge from this crisis will define all of us for a generation. Instead of hoping to return to the world of 2008, we will forge a new path for Britain that strengthens our energy, our defence and our economic security in a new age.
The E-3 Sentry, with its distinctive rotating radar dome, is a flying command center that allows American forces to see and coordinate the battlefield. In recent weeks, Iran destroyed one on a runway in Saudi Arabia and reportedly damaged another.
The very same European leaders and anointed members of the Blob expressing outrage about Greenland were largely silent or supportive as Trump bombed Iran and Nigeria, abducted Maduro, and continued to aid and abet Israel's genocide in Gaza.
The Canadian prime minister, Mark Carney, inspired a wave of enthusiastic nodding among the cosmopolitan crowd gathered in Davos last month when he took to the podium and proclaimed that the world order underwritten by the United States, which prevailed in the west throughout the postwar era, was over. The organizing principle that emerged from the ashes of the second world war, that interdependence would promote world peace by knitting nations' interests together in a drive for common security and prosperity, no longer works.