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In a shocking turn of events, the US and Iran have reached a deal to end the month-long war, sending oil prices plummeting to around $80 a barrel. This historic agreement has sent shockwaves through the global economy, with the stock market reaching a record high and the Dow Jones Industrial Average closing at a staggering $51,071. The news has also sparked a surge in the price of oil stocks, with ExxonMobil and Chevron leading the charge. Frank Mottek dives into the details of the deal and its potential implications on the global economy. Frank is joined by, oil analyst John Kilduff, shares his expert insights on the impact of the deal on oil prices and the stock market. We also discuss the potential risks and wildcards that could affect the outcome of the agreement, including the Israeli response and the situation in Lebanon. Additionally, we touch on the tragic news of a B-52 bomber crash at Edwards Air Force Base and its potential implications. The deal, which includes the reopening of the Strait of Hormuz, is a significant development in the region. However, the details of the agreement are still unclear, and there are concerns about the potential risks of the deal. Our guest, retired US Marine Corps Lieutenant Colonel Hall Kempfer, shares his expertise on the situation in the Middle East and the potential implications of the deal. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.
100 episodios
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