A barrel of West Texas Intermediate crude oil sank down to $110.92 a barrel as of this printing on what CNBC reports are “investors awaiting possible Iran and US ceasefire,” a little over 24 hours after convicted felon President Trump had threatened to destroy every bridge and power plant in the country and that “there will be nothing like it!!! Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell – JUST WATCH!” and then, for reasons still unclear, added “Praise be to Allah!”
So no, it doesn’t seem as though markets really know what’s going on with Trump and Iran.