Oil markets bet Trump would chicken out on Iran. They won (opens original article in a new tab)

Oil markets correctly predicted that Trump would not allow the Iran conflict to escalate into a full economic crisis.

• Oil markets initially wagered that Trump would avoid escalating the Iran conflict into a full economic crisis
• The bet by oil markets was proven correct as Trump did not allow the conflict to spiral into an economic crisis
• Oil markets' prediction aligned with Trump's actions regarding the Iran conflict