Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The oil markets were jolted by the latest development in the Middle East. Iran, the backer of the Houthi rebels, dispatched a warship to the Red Sea after the U.S. Navy repelled a terrorist attack attempt on a ship on Sunday. This move represents a significant increase in political risk for the region and the markets.
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