Iran’s Revolutionary Guards said on Tuesday they would not let any oil out of the Middle East until U.S. and Israeli attacks cease, prompting U.S. President Donald Trump to threaten to hit Iran “twenty times harder” if it blocked exports. Despite the defiance rhetoric from both sides, investors placed strong bets on Tuesday that Trump would call off his war soon, before the unprecedented disruption it has caused to energy supplies causes a global economic meltdown. After Trump described the war on Monday as ahead of schedule, the bulk of an historic surge in crude oil prices the previous day was reversed. Asian and ... (full story)