Episode Details

Markets are swinging wildly as U.S. stock futures rise while oil prices dip — a puzzling move amid rising Middle East tensions. Houthi rebels seized a strategic Red Sea island, threatening Saudi oil exports and pushing diesel prices to an all-time high above $6 a gallon, fueling inflation fears. Despite today’s pullback, crude prices remain up 8% this week, with experts warning elevated costs will persist through the year. Wall Street is now laser-focused on today’s key inflation report — which could dramatically influence the Fed’s next rate decision, especially as higher gas prices loom to push inflation higher again next month.

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