Markets get NACHO instead of TACO

U.S. political tensions rose after reports that President Trump told aides to prepare for an extended blockade of Iran’s ports and tweeted “Get smart soon!” Markets, however, appear poised to take the news in stride: UBS chief economist Paul Donovan said investors are “unlikely to give too much weight to this.” The likely near-term market impact is muted for major indexes such as the US Tech 100, though energy-linked instruments have already shown moves (USO cited in the article up ~3.6%) as traders price geopolitical risk into oil. Overall, the piece frames the development as geopolitical noise with limited immediate disruption to equity markets, while commodity/oil-related assets may remain more sensitive to escalation.