Oil Markets React: Iran's War Isn't Escalating?: The Ben Shapiro Show

President Trump last weekend conducted tactical strikes targeting Iran’s nuclear facilities, since Iran has responded by launching missiles targeted at US military bases in Qatar and, of course, Israel. Trump's “peace through strength” mandate seems to have paid off, as the conflict has been de-escalating, and the markets reflect this great news, with oil prices plummeting.

Ben Shapiro, host of the Ben Shapiro Show on the Daily Wire, discusses how the lowering oil prices and bullish market conditions should not be surprising, as it is obvious that the Iranian conflict isn’t going to come to a full-scale war. 

Shapiro reports on an article by Axios with an analyst expressing surprise at the bullish market conditions, “The modest oil market response in the wake of the US attacks against Iranian sites over the weekend, is striking to at least one analyst, ‘its remarkable to have such a limited risk premium, in the face of this uncertainty and potential for escalation, said oil scholar Ben K. Hill of the University of Texas at Austin.’”

Shapiro says that the improving market conditions should not be surprising, despite the Iranian “saber rattling” about closing the Strait of Hormuz, because it is obvious the conflict will not escalate further. “It’s not because the markets understand something very clearly, this is obviously not going to escalate to a full-scale war between Iran and its neighbors. The war that began on October 7th, 2023, is effectively coming to an end now.”, said Shapiro.