About this episode
Oil prices surge but traders aren't panicking yet as U.S.-Iran strikes escalate and Iran claims the Strait of Hormuz is closed - even as U.S. Central Command says around 20 ships got through in the last 24 hours. Meanwhile, June CPI data drops Tuesday and big bank earnings kick off a week that will test soaring tech valuations.
Today’s recommended read: Cheap drones turn energy into the global economy's weak spot, Ron Bousso
Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest.
Read more from Amanda Cooper and Anna Szymanski
Produced by Eliza Davis Beard and Abisoye Adelusi
Sound engineering and music by Sebastian and Josh Sommer
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