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Josh Young: $200 Oil | Latest Iran Peace Deal Won’t Stop It
Tom welcomes Josh Young, CIO of Bison Interests, to discuss the potential for a prolonged and sticky energy shock stemming from the closure of the Strait of Hormuz amid the Iranian conflict. He emphasizes the profound uncertainty surrounding the conflict’s duration, noting that neither military participants nor analysts can predict its timeline, which explains recent oil price volatility. Young challenges the prevailing view that global oil inventories of roughly 8.4 billion barrels are insufficient, arguing that the system can absorb a much larger drawdown—potentially another billion barrels…
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