Oil Buffers Run Thin as Inflation Risks Build

Oil prices remain under pressure as the new Iran blockade raises fresh questions about how long global supplies can hold up without another major disruption.Chuck Zodda and Marc Fandetti break down why the Strait of Hormuz remains a key risk for oil markets, how depleted reserves and record-high crack spreads are keeping pressure on gas prices, and why China’s oil demand could quickly change the global supply picture. They also discuss the hidden volatility beneath the S&P 500, why labor force participation may point to a tighter jobs market than headline numbers suggest, how the coming Boomer wealth transfer could widen the gap between wealthy families and everyone else, and why Kevin Warsh is using his first major testimony to build credibility as an inflation fighter.