John Authers, Columnist

Will the Ayatollahs Chicken Out Is the New TACO

Iran’s leaders have more incentives to keep the conflict going than Trump does.

They know the pressure is on Trump.

Photographer: Majid Saeedi/Getty

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Markets have entered into a WACO reality: Will the Ayatollahs Chicken Out? Traders are concluding that they almost certainly won’t, and so prices enter Holy Week under the worst pressure of the now-month-old conflict.