Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why Oil Dropped 4 Percent on Iran Strike Cancellation
On June 11, 2026, President Trump canceled planned strikes against Iran moments before they were set to launch. The Dow surged 700 points and crude oil tumbled more than 4 percent in minutes. Lucas and Luna unpack exactly why the market reacted so violently — and why this moment reveals a deeper fragility in oil prices that goes far beyond geopolitics. They walk through the specific mechanism: how a canceled strike removes a supply-disruption premium that had been baked into the barrel, why WTI fell to 87.38 while Brent held at 90.25, and what the widening Brent-WTI spread tells us about…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.