Oil Spikes as Iran Conflict Hits Kuwait; SpaceX Sinks Below IPO Price

Brent crude jumps toward $85 after Iranian drone strikes hit a Kuwaiti power and desalination plant and Strait of Hormuz traffic collapses; SpaceX shares slide further below their $135 IPO price after an aborted Starship test flight; and Dallas Fed President Lorie Logan breaks ranks to push for a rate hike despite cooling inflation. In this episode: • Oil prices surge on Middle East escalation as Kuwait energy infrastructure hit in expanding U.S.-Iran conflict — https://www.cnbc.com/2026/07/17/oil-price-today-brent-wti.html • SpaceX slides further below June IPO price following aborted Starship test flight — https://www.cnbc.com/2026/07/17/spacex-stock-starship-test-flight-aborted.html • Federal Reserve officials continue pushing for rate hikes despite cooling summer inflation — https://www.cnbc.com/2026/07/16/dallas-fed-president-logan-calls-for-modestly-higher-interest-rates.html