The Market Is Getting Back to Ignoring Iran
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Glad it's all over? The conflagration in the Middle East, like all those that went before it, mattered chiefly to global markets if it threatened the supply of oil. Iran could, if it wanted, stop tankers from going through the Strait of Hormuz for a while. The perception that it might do so (at great cost to itself) reared after the US attacked Iranian nuclear facilities, and then dwindled when Iran's limited response against a regional US air base showed that it wouldn't go that far. This is how odds moved on the Polymarket prediction market:
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