While there have been happier times on Wall Street, President Trump’s military intervention in Iran hasn’t yet pushed the bottom to fall out of markets.

Over the weekend, Iran elected a new leader that the White House disapproves of (Mojtaba Khamenei, the son of the late Supreme Leader, Ali Khamenei), and oil prices began climbing north of $100 a barrel. Many expect Khamenei to continue in the policy footsteps of his father, and the rhetoric from the Oval Office has ramped up in response.

But despite these tensions, investors and analysts are still clinging to the timeline President Trump outlined when the action began: four or five weeks, though potentially longer if necessary.

Source link