Episode Details

Trump scraps Iran ceasefire deal amid overnight clashes, sending oil surging 5% to $78/barrel, while stocks dip globally and the dollar strengthens. Though markets reacted with caution, analysts note muted volatility—investors now see conflict as less likely and avoid overreacting to headlines. With OPEC’s supply and a resilient labor market cushioning the blow, economists warn only sustained oil spikes could hurt the economy. The removal of Iran’s oil waiver adds risk, and markets now watch Fed policy closely, as geopolitical shifts may overshadow recent economic data.

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