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 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 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.
I didn't agree with your friend, Mr. Kent, but I did—again, I agreed with him yesterday on the fact that there was no imminent threat... even in your printed testimony today on page 6, in your last paragraph on page 6, 'As a result of Operation Midnight Hammer, Iran's nuclear enrichment program was obliterated. There's been no effort to try to rebuild their enrichment capability.' You omitted that paragraph from your oral opening. Was that because the president said there was an imminent threat?