Rachel Warren

And we want to invite you to join us as we take an in-depth look at this pivotal era in American history.

Yeah, I think Matt laid that out really well.

I do think the global markets are really looking for sort of any sign of relief.

And President Trump's true social announcement of a five-day pause, it was very specific to military strikes against Iranian power plants.

That is nothing to say as to strikes across the country towards other military targets.

But basically what had happened over the weekend was President Trump had threatened to obliterate Iran's energy infrastructure if the Strait of Hormuz was not reopened.

And so we're sort of seeing this morning the sudden shift to a rhetoric of, you know, quote unquote, productive conversations.

And I think that perhaps that is easing some tension.

fears of what has been feared would be a global energy crisis comparable to 1970s oil shocks.

So when the market opened this morning and we saw the Dow jump over 800 points, S&P 500 and Nasdaq rose about 1.4 and 1.6 percent respectively.

We saw European indexes flipped from losses to gains at the market open.

And then Brent Crude, of course, which had topped, I think, around 114 a barrel earlier in the day, plunged double digits after the news

Of course, that could have changed as we are recording this podcast, right?

We also saw a response from airline and cruise line stocks, right?

Which, of course, are companies that are very sensitive to fuel costs.

And then conversely, you saw shares of energy stocks like Occidental Petroleum retreat a little bit.

I think it's important to underscore here the situation is very fragile.

As Matt noted, Iranian officials have publicly denied that direct talks took place.

There's some suggestions that the move maybe is a tactic to try to get energy prices to tamp down a bit.

I do think that investors should expect the market roller coaster to continue even as this five-day potential window unfolds.