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On Wall Street, Trump's Flip on Iran Bombing Threat Sows Both Hope and Doubt
News March 23, 2026 at 03:48 PM
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What You Need To Know
- Markets rallied after the president backed down from his threat to bomb Iran’s energy infrastructure.
- Yet beneath it all lurked doubts that Trump will be able to end the war as easily as he began it.
- Trump's shifting positions and history of misstatements have eroded his credibility in markets, a strategist says.
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