Energy markets start tuning Trump out after repeated Iran war whiplash | CNN Politics

President Donald Trump has repeatedly sought to tamp down the surging price of oil by telling investors what they’re eager to hear: The war in Iran is almost over. But after hearing that message for weeks, with fighting ongoing and no plan for reopening the Strait of Hormuz, they’re increasingly tuning him out. Nearly two weeks after Trump’s sudden declaration of “productive” talks with Iran sent a premature jolt of optimism through the oil markets, energy analysts and traders say the president’s attempts to jawbone investors into lowering prices have cost him his credibility — and convinced them that the war’s economic consequences are only set to worsen. “He’s now been saying a version of the same thing for the last two weeks,” said Gregory Brew, a senior analyst on Iran and the energy sector at political risk firm Eurasia Group. “But what he’s talking about doesn’t matter, because he’s continuing the war and the Iranians aren’t buying it.” After Trump again claimed Wednesday that Iran was seeking a ceasefire, oil markets exhausted by days of head fakes barely reacted. And that night, Trump’s insistence that the war was “nearly complete” wa