Big Oil

Markets cheer as Trump threatens to abandon Strait of Hormuz, leaving oil market in turmoil | Good luck

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Markets cheer as Trump threatens to abandon Strait of Hormuz, leaving oil market in turmoil | Good luck

The stock market plunged on Monday morning after the White House announced that it might not be America’s job to reopen the Strait of Hormuz. The S&P 500 rose more than 1.5%, while the Nasdaq rose nearly 2%. In one night, a Wall Street Journal the report indicated that President Trump would be ready to … Read more

Mark Zandi warns that the recession is approaching 50%, and the war with Iran could put us in economic trouble by the middle of the year | Good luck

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Mark Zandi warns that the recession is approaching 50%, and the war with Iran could put us in economic trouble by the middle of the year | Good luck

Economists are growing more cautious about the economic situation as the conflict in Iran continues. Moody’s Analytics raised its recession outlook for the next 12 months to 48.6%, in line with Goldman Sachs, which now predicts a 30% risk of recession, and EY-Parthenon, which puts the chances of a recession at 40%. The underlying probability … Read more