Oil and Stock Markets Keep Jumping on Iran News—Then Falling Back

Since March, bad news about Iran has sent oil prices and stock markets surging five times, then reversing almost completely within days. Trump's July 8 statement pushed oil up 5.2%; by next day it had nearly returned to where it started. Markets treat each spike as a one-off surprise. They may be missing the real pattern: these swings keep happening, and they're likely to keep happening again.