Wall Street
Thu, May 28, 2026 • 4:59 PM
Every few days, Donald Trump announces that negotiations with Iran are “going very well,” “very close,” “largely negotiated,” or “moving in a constructive direction.” Markets instantly react like a truth has been revealed from the heavens. Oil drops. Airline stocks rally. Traders cheer. CNBC panels start speaking in soothing tones about “de-escalation.”
And then, almost immediately, Trump threatens to obliterate Iran’s power plants, announces a naval blockade, posts “NO MORE MR. NICE GUY!” alongside images of bombs, or predicts fresh attacks “extremely hard” over the next several weeks.
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