Cramer Says Oil Signals Limited Supply Disruption

CNBC's Jim Cramer said Wednesday the oil market may be signaling that the Iran war will not cause prolonged global crude supply disruptions. He pointed to a tame oil session — Brent settled flat and WTI rose 0.1% — while Exxon Mobil, ConocoPhillips and Halliburton slid, and US indexes rallied (Dow +0.5%, S&P +0.8%, Nasdaq +1.3%). This reduces prospects of oil-driven inflation pressure on markets.