The Strait Of Hormuz Triggered A Global Panic

Oil prices spiked to $120 before reversing 8% as Strait of Hormuz tensions ignited global market panic.

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Photo by Maria Lupan on Unsplash

Chaos at the Asian open last night with uncontrolled panic buying, sending oil prices up to as high as $120 per barrel. Thankfully, they backed down and actually ended the day down by 8%. Still, that wild ride isn't good, indicating the world is really struggling with the oil challenge. We're already seeing significant fallout across the world, from dollars to stocks.

Video Length: 00:19:30


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