The markets have stopped listening to Donald Trump
Over the last 24 hours, President Trump has come up with a bewildering series of “solutions” to the global oil crisis triggered by his war with Iran. He might seize all of the country’s oil wells. He may send the marines in to capture its main exporting hub, Kharg Island. He has threatened to bomb the country back to the Stone Age if it doesn’t re-open the Straits of Hormuz, while at the same time – apparently – he is very close to a “fantastic deal” that will settle the entire conflict. But will these threats work? Can Trump keep a lid on the unfolding crisis? Crucially, the markets are
