The Craft of Walking Away from the Table
Trump Extends Iran Deadline, Markets React Sharply
Yesterday, President Trump announced an extension to the 48-hour ultimatum he had previously issued to Iran on Saturday evening. This unexpected move sent shockwaves through the financial markets. As illustrated in the chart below, Brent crude oil prices plunged by 12% within minutes, reflecting investor expectations of a shorter conflict and a quicker reopening of the Strait of Hormuz.
Over the past week, I have been challenging some of the more dire predictions that suggested Brent oil could soar to $150 or even $200 per barrel, including during a recent conversation with Paul Krugman.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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NASDAQ TRADE HALT CONTINUES <UCFIW.O> REASON NOT AVAILABLE AT 10:06 AM
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BNP Paribas Initiates Macerich Company at Outperform With $28 Price Target
07:34 AM EDT, 10/09/2026 (MT Newswires) -- Macerich Company (MAC) has an average rating of overweight and mean price target of $26.93, according to analysts polled by FactSet. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
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