""It's the most bearish outcome," says James van Geelen. "I'm losing my mind." Citrini Research's founder has been trying to figure out how Donald Trump's war on Iran will affect financial markets."
""The longer this war continues, the worse it's going to be," says Stephanie Link, chief investment strategist of Hightower Advisors, which manages $350 billion in assets."
"Prior to the speech, stocks had been rising on expectations of a cease-fire deal and Trump's promises that U.S. involvement was almost over."
"The financial world has been especially focused on the Strait of Hormuz, the globe's most important oil-transport channel."
James van Geelen expresses deep concern over the impact of Donald Trump's war on Iran on financial markets. Following a speech that suggested a prolonged conflict, Wall Street is anxious about rising gas prices and potential recession. Analysts are particularly focused on the Strait of Hormuz, a critical oil-transport channel, as its closure by Iran could exacerbate economic issues. Investors are struggling to interpret the president's inconsistent messages regarding the war's duration and implications for the economy.
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