Comment by cheriot

In addition to this article, I've seen well thought out assertions from knowledgeable people that Hormuz is far worse than the market thinks and the market just continues not caring.

Maybe they're both right? Horrible things can happen to oil importing economies without derailing the AI build out that's driving the US economy and stock prices.

I think there's a catch-22 where Trump will hold out as long as the market lets him and everyone in the market wants to look through him throwing in the towel.