Episode Details

U.S. and European officials are bracing for potential economic fallout from soaring oil prices, with crude hitting $200 per barrel a worst-case scenario. Gas prices have surged by 30% since the Middle East conflict, averaging nearly $4 per gallon. The Fed and ECB anticipate short-term impacts, but uncertainty persists. Market volatility is driven by mixed signals from the White House and the duration of the conflict. Preparations focus on mitigating supply disruptions and their broader economic consequences.

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