Episode Details

Oil prices surge as US-Iran tensions escalate, with Brent crude nearing $117 and WTI at $102. The Strait of Hormuz remains largely closed due to a US naval blockade, causing a five percent overall increase. Traders predict short-term price hikes due to shrinking inventories. The conflict has led to record-breaking stockpile reductions, fueling inflation and adding pressure on Trump ahead of midterms. Despite a ceasefire since early April, supply issues persist, keeping oil volatile.

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