Jim Cramer explains why the stock market shrugged off fears over the Iran war and bad headlines

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CNBC’s Jim Cramer said that Monday’s stock market resilience in the face of the Iran war comes down to the Middle East no longer carrying the same economic weight it once did.

“The market simply didn’t mind,” Cramer said on “Mad Money,” after the S&P 500

closed slightly higher on the first day since the U.S. and Israel attacked Iran over the weekend. At session lows, the index was down 1.2%. Over the course of the day, Cramer pointed out, “We rebounded substantially from those lows.”