Why are investors buying into more vagaries regarding the Strait of Hormuz?

The Trump administration is again telling us a deal is “right around the corner”, while Iran is steadfastly refuting it. Yet oil futures are down. At what point does the market simply not believe the wolf-crier? https://www.bbc.com/news/articles/c809m7g29r7o submitted by /u/ZanzerFineSuits [link] [comments]