Trump's recent statement is quite interesting. He took a position before the stock market opened on Monday to stabilize it, and conveniently mentioned "five days" – clearly signaling that come the work week, he doesn't want to see the market fall further.

Unfortunately, Iran is no fool either. After all, you just killed their supreme leader, and his successor is his son. Iran now resembles a wolf driven blood-red with rage – it won't back down unless its demands are met.

Iran itself is well aware that as long as it blocks the Strait of Hormuz, global oil prices will skyrocket, inflation will spread everywhere, and the Federal Reserve will have to shift from rate-cut expectations to rate-hikes – exactly the scenario Trump least wants to see. Plus, the midterm elections are approaching.

So Iran is definitely planning to bite down hard now. The U.S. won't get Iran to back off without war reparations, and the longer this drags on, the more disadvantageous it becomes for America.

What remains to be seen is what other harsh tactics Trump has up his sleeve. Otherwise, everything will only be a rebound, not a reversal.