Oil Spikes as Iran Conflict Hits Kuwait; SpaceX Sinks Below IPO Price

Finance TL;DR Daily · Jul 17, 2026 · 5m · transcript

Brent crude jumps toward $85 after Iranian drone strikes hit a Kuwaiti power and desalination plant and Strait of Hormuz traffic collapses; SpaceX shares slide further below their $135 IPO price after an aborted Starship test flight; and Dallas Fed President Lorie Logan breaks ranks to push for a rate hike despite cooling inflation. In this episode: • Oil prices surge on Middle East escalation as Kuwait energy infrastructure hit in expanding U.S.-Iran conflict — https://www.cnbc.com/2026/07/17/oil-price-today-brent-wti.html • SpaceX slides further below June IPO price following aborted…