"In the early hours of Monday morning, witnessing oil prices surge, stock futures plummet and bond yields climb due to his threat to pummel Iran's civilian power infrastructure, the president hurriedly walked it back, announcing he would put off the bombing because talks with Iran were actually going great."
"By 9.30am in New York, the S&P 500 stock index had jumped 1.5%, defying futures contracts that had earlier signalled a 1% daily decline."
"But events in the hours after the president offered up his dish of Mex-Middle Eastern fusion cuisine suggest his tactic may have run its course."
"Markets are figuring out that that will probably be up to Tehran. Oil rebounded on Tuesday and stocks gave up much of their Monday gains after Iranian officials denied the productive conversations Trump claimed had taken place."
Trump's threats to bomb Iran caused immediate market reactions, with oil prices surging and stock futures plummeting. However, he quickly backtracked, claiming talks were going well. This led to a temporary market recovery. Despite this, the situation in Iran remains volatile, with Iranian officials denying productive talks and escalating tensions. Markets are beginning to realize that Tehran will dictate the conflict's resolution, not Trump, indicating a loss of control over the situation.
Read at www.theguardian.com
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