Market Underestimating Long-Term Impact of Iran War on Oil Prices
Schwab Network · Schwab Network
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Show Notes
Stewart Glickman and Ellen Wald cover the latest on the Iran war and oil prices. Stewart sees two areas to be concerned about: the safety in crossing the Strait of Hormuz and fixing the damage from attacks on Gulf oil installations. The latter is a longer-term issue, he notes. Ellen agrees that the market is underestimating the amount of damaged oil infrastructure and is concerned about the levels of stored oil. “This is definitely a moment for Russia,” she says, along with a rise in coal use. “We are in a crisis right now,” she emphasizes.
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