President Donald Trump again stepped back from the brink, and traders are cashing in on what they called “TACO Tuesday.”
After threatening that “a whole civilization will die tonight” early Tuesday, just two hours before his 8 p.m. deadline, Trump announced a two-week ceasefire on the condition that Iran reopen the Strait of Hormuz and restart the flow of oil. While doubts remain about the agreement and whether oil flows will actually restart, the president’s about-face still managed to lift markets.
