Latest / The Financial Exchange Show
Oil at $95, Strait Still Blocked & 4.4 Million Hours of Tariff Refunds
Chuck Zodda and Mike Armstrong break down day 13 of the Iran conflict, with the Strait of Hormuz still largely shut and oil climbing back toward $95 per barrel.
They explain:
• Why the 400 million barrel SPR release may not solve the real supply problem
• How futures markets are signaling higher prices for longer
• What refinery slowdowns in Asia could mean for global shortages
• The growing risk to fertilizer, food supply, and developing economies
Plus: China’s reported fuel export ban, shifting tanker access rumors, and why it could take more than 4 million labor hours to process tariff…
The skinny
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