Ira Epstein discusses the recent developments in the Strait of Hormuz, highlighting the ongoing tensions between the US and Iran, particularly concerning the nuclear deal and sanctions. He explains the current strategy of allowing Iran to experience the benefits of lifted sanctions, such as the free flow of oil and access to frozen funds, with the hope of bringing them back into international diplomacy.
Epstein also touches on the implications of these geopolitical dynamics on energy markets, noting the need to replenish strategic oil reserves as the situation evolves.
Additionally, he previews upcoming economic data releases, including the Mortgage Bankers Association numbers and new home sales data.
Video Length: 00:15:34
Comments
Log in or sign up to join the conversation.