CNBC Reporter Casually Asks How Trump’s Threats To Wipe Out Civilization Might Be Good For Investors
CNBC anchor Sara Eisen casually asked on Tuesday how President Donald Trump’s threat to destroy a civilization could be good for investors. Trump warned that a “whole civilization will die” if Iran failed to reach an…
CNBC anchor Sara Eisen casually asked on Tuesday how President Donald Trump’s threat to destroy a civilization could be good for investors.
Trump warned that a “whole civilization will die” if Iran failed to reach an agreement on ending the war and reopening the Strait of Hormuz by 8 p.m. on Tuesday. Eisen pondered if this threat could be an “upside risk” for investors during a segment on “Money Movers.”
“This deadline that President Trump has set, 8 p.m., has threatened to destroy a civilization. How does an investor process that? It is a bigger upside risk or downside risk?” Eisen asked.
WATCH:
Iran agreed to a two-week conditional ceasefire before the deadline, which includes temporarily reopening the Strait of Hormuz. The last-minute deal caused Trump to suspend an attack on Iran.
The waterway is critical to global energy markets, as around 25% of seaborne oil transportation passes through the narrow sea passage. The interruption of trade through the critical oil export waterway saw U.S. gas prices surge to an average of over $4.10 per gallon.
Stocks jumped