Fascinating watching the oil market convulse in real time during Trump’s national address.

You can practically see the moment traders stopped listening for substance and started pricing in chaos.

Every time he drifted into more incoherence about Iran being crippled, the Strait “opening naturally”, or bringing them “back to the Stone Age”, the market heard what adults hear when someone who doesn't know what they're doing, starts improvising.

Higher risk, higher prices, more instability.

Energy traders, unlike the faithful, are not there to clap. They are there to smell danger early. And they did.