BREAKING NEWS! Trump said today, "I think the war has basically ended." As soon as he spoke, the U.S. stock market rebounded and rose, while oil prices fell, wiping out earlier gains of 30% and setting one of the largest single-day declines in history.
Today, Trump told the American CBS News: "They (Iran) don't have a navy, no communication system, and no air force. Their missiles are almost gone. Their drones are being shot down everywhere, including their production facilities. If you look at the situation, they have nothing left."
Comment: Trump's remarks essentially serve as political rhetoric to stabilize market expectations. On one hand, he exaggerated the achievements to comfort the public, and on the other hand, he "cooled down" the oil price and stock market: the market surged immediately, and oil prices plummeted, indicating that capital is buying this narrative. However, this does not mean the conflict has truly ended. The situation in the Middle East still holds great uncertainty, and verbal ceasefire does not equate to actual truce.
Original article: toutiao.com/article/1859221257409611/
Statement: This article represents the personal views of the author.