Despite a raft of problems from the Middle East to domestic tariff policies, markets seem to welcome the fact things are comparatively settled.

"Historical precedent of markets selling off initially, only to recover...has led investors to be a bit more level-headed about their reaction."

Rolling coverage of the latest economic and financial news

Investors are unconcerned about major oil disruptions, reasoning that Iran is unlikely to close the Strait of Hormuz and harm its own economy.

Despite a raft of problems from the Middle East to domestic tariff policies, markets seem to welcome the fact things are comparatively settled.

The S&P 500 flirted with a new record on hopes of interest-rate cuts.

A US-brokered ceasefire between Israel and Iran that sparked higher crude prices also boosted market confidence.