Iran Threatens to Shut Hormuz, Trump Says 'Great Deal' Coming — Markets Are Somehow Chill
The US-Iran ceasefire expires Wednesday and the Strait of Hormuz is on the table — here's how sentiment is processing the chaos
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Let's set the scene: five months into a US-Iran war, Iran's Revolutionary Guards are threatening to close the Strait of Hormuz, the Saudi Aramco CEO just pulled out of a major energy conference, and UK PM Starmer is calling emergency economic meetings. Oh, and oil is at $90 — not the $200 Trump said he feared. Markets are apparently fine with all of this, which is either reassuring or deeply concerning depending on your risk tolerance.
In a full CNBC interview, Trump claimed the US military obliterated Iran's entire navy (159 ships), air force, and nuclear facilities in three days, and expressed genuine surprise the Dow is near 50,000 and the S&P near 7,000. The ceasefire deadline hits Wednesday — Trump says no extensions without a deal. Reddit's r/wallstreetbets is treating this like a volatility buffet.
Meanwhile, $AMZN quietly dropped a $25 billion commitment to Anthropic with a side of $100B in AWS spend, and $AAPL handed the keys to hardware chief John Ternus while Tim Cook ascends to Executive Chairman. Geopolitical armageddon or not, the AI arms race does not pause for wars.