President Trump declared victory over Iran in a prime time address, saying that U.S. military objectives are “nearing completion” while suggesting that American forces would not be used to reopen the Strait of Hormuz because it will “open up naturally” once the conflict is over, NOTUS reports.
Immediately following Trump’s address, CNBC notes both S&P 500 and Dow Jones futures fell nearly 1%, while Nasdaq futures fell more than 1%.
The price of crude oil also spiked close to 4%.
Wall Street Journal: Here’s what Trump didn’t talk about in his speech.
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