Episode Details

The escalating conflict between the US, Israel, and Iran is causing unprecedented disruption in global energy markets. Key chokepoints and facilities in the Persian Gulf have been targeted, leading to soaring gasoline prices and volatile crude oil markets. Despite calls for increased production, major oil producers remain uncertain due to lack of ally support. Industry leaders express grave concern, with potential impacts on President Trumps approval ratings and upcoming midterms. White House officials remain optimistic about potential boosts from Venezuela and Alaska, but warn of lasting ripples, including higher fuel prices and a push towards renewables. Markets are expected to remain volatile for months.

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