‘History is being disobeyed’: Jim Cramer says Iran war should be slaughtering stocks, but the US has a ‘secret weapon’

Jim Cramer argues that despite a major oil shock from the US‑Iran war, US stocks have held up because low and stabilizing interest rates — not geopolitics — are driving valuations. The S&P 500 recovered to 7,137.90 even as Brent crude topped $102.59 and oil rose over 50% since the Strait of Hormuz shutdown. Cramer cites the recent rollover in 10‑year yields (peak on March 26) and the prospect of a Fed led by Kevin Warsh as reasons rates may stay steady or fall, supporting equities and favoring growth names (e.g., Microsoft, Salesforce) over energy. He also notes US natural gas’s domestic abundance acts as a buffer versus global oil shocks. Overall, the piece frames a bullish case for staying invested in equities while hedging with diversifiers such as gold and real estate.