The objectives are about complete. No protracted war.
The problem with that is Trump has been saying that since he started the war. The war is over a month old now and there is no end in sight. The missiles keep flying. The Straight of Hormuz is closed to Iran's enemies. No talks are happening. Iran shows no sign of a cease fire.
Oil and gas prices will be coming way down in a few weeks. The stock market will go way up.
Maybe. You are stating a market outlook. Time will tell. But the immediate dip in oil prices that happened before Trump's speech has reversed. Brent Crude is over $105 a barrel again. The "Trump bump" in the markets over the last couple days is reversing too. It seems the markets found little to cheer when Trump addressed the nation.
People are getting their tax refunds and their additional money.
That money is now going straight into their gas tanks, and into the higher cost of goods that higher fuel prices cause.
This will be a spring and summer full of prosperity The Left will be bumming about this reality.
Prosperity for Trump and his billionaire buddies, absolutely. The wealth transfer from the lower and middle class to the uber-rich continues. For the rest of us, I'm not so sure.
Notwithstanding my "coming soon, the Trump recession" comment, I don't like to predict market outcomes because too many variables are unknown. But I am beginning to believe that higher gas prices are going to persist for months if not years. That's because numerous oil facilities in the Middle East have been destroyed. It will take months if not years to bring them back on line.
Trump, Israel and Iran could make peace right now, and they could reopen the Straight of Hormuz, but the oil facilities will still be in ruins. That's not a quick or easy fix.
If Trump carries through with his threat to destroy Iran's oil facilities, the effect on US gas prices will exacerbate.