Wall Street is in denial about the strength of the market, according to Jim Cramer, who argues that investors are ignoring falling oil prices and the "presidential put". This comes amid concerns that the U.S. and Iran may agree to a ceasefire, following reports of Iran rejecting a 15-point proposal from the US. Cramer argues that President Donald Trump has historically been able to talk the market out of a rut and that investors should stop focusing on the rising oil prices. The international benchmark Brent Crude dropped 2.17% to settle at $102.22 per barrel, while West Texas Intermediate dropped by 2.2%.