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Middle East Conflict Pushes Oil Markets Back to the Brink
The conflict between the U.S. and Iran is once again threatening the flow of oil through the Strait of Hormuz, raising new concerns about gas prices, diesel costs, and the risk of global supply shortages.
Chuck Zodda and Mike Armstrong break down why the situation in the Middle East remains so difficult to resolve, how refinery shutdowns in Russia, China, and the Persian Gulf are tightening supplies of gasoline and diesel, and why the U.S. may have limited options short of a major escalation. They also discuss the quiet earnings week ahead, why Alphabet’s AI spending and delayed Gemini…
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