Episode 1878 • • 55:42 - 58:57
1878: Dream Build Loop
Global Oil Prices Plummet Following Iran Agreement
Crude oil prices have dropped to approximately $75 per barrel following the announcement of the Iran peace deal, down from highs of $120 during the West Asia crisis. CNBC reports that an "oil glut" may be on the horizon as global supply stabilizes and shipping lanes in the Strait of Hormuz reopen.