Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The escalation of the conflict in the Middle East has reignited oil prices. Brent Crude exceeded $109 this morning. Advancements by Iran and the Houthis will constrain the global supply further and jack up energy prices further.
Late last week, Iran and the Houthis made major gains in the conflict. Their ability to restrict oil shipping lanes was enhanced as a result.
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