Jim Cramer says this is the real reason why stocks are shrugging off Iran war fears

Monday - Friday, 6:00 - 7:00 PM ET

In this article

CNBC’s Jim Cramer said Monday that Wall Street’s resilience in the face of escalating geopolitical tensions shows investors are focusing less on the Iran war itself and more on a key driver of stock valuations: interest rates.

“I think I’ve been negligent in bringing up the power of low rates, because it’s the reason the bulls keep winning when it seems like they should be slaughtered,” said the “Mad Money” host. “Let’s not overthink it. If interest rates were spiking, this market would be very different.”

Despite a surge in oil prices tied to supply disruptions from the Straight of Hormuz, the S&P 500