Market sentiment has flipped dramatically optimistic this morning following a post by President Trump on Z that says due to “very good and productive conversations” on a “total resolution” of hostilities in the Middle East, the US will postpone “any and all military strikes” against Iran’s energy infrastructure…
The reaction – as you might expect – is a crash lower in crude…
…and higher in stocks (still below pre-war levels)…
What did the oil producers know?
Oil down 14% https://t.co/U69AoffNF2
— zerohedge (@zerohedge) March 23, 2026
TACOs came early this week… or is it Mission Accomplished?