Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
How Crude Oil Plunged Despite Iran Strait of Hormuz Tensions
In this episode of The Commodities Economy, Lucas and Luna unpack why crude oil prices dropped more than 7% in five days even as headlines warned of Iranian drone attacks on ships in the Strait of Hormuz. They examine the disconnect between geopolitical risk and market pricing, the role of slowing global demand, and what the shift in oil's risk premium means for traders and consumers. With WTI crude at $69.42 and Brent at $72.72, the hosts draw on recent CPI data showing inflation above 4% and the ten-year breakeven rate rising to 2.21. They also discuss why energy stocks like…
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