In less than 36 hours since the blockade was implemented, U.S. forces have completely halted economic trade going into and out of Iran by sea. This blockade has effectively brought Iran's economy to a standstill, as it relies heavily on international maritime trade.
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.