While the signals from Iran continue to be conflicting and often changing from one moment to the next, the U.S. stock market seems to have adapted to this uncertainty.
The Strait of Hormuz remains unopened, mostly, and the President does not seem hard-pressed to settle on a ceasefire or resume “offensive” actions.
There continues to be troubling signs for the world economy should the Strait of Hormuz continue to remain unopened, especially for Europe, but so far, the U.S. has yet to feel the pinch, save for at the gas pump.
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