SpaceX Mania Meets the New Energy Reality

Oil prices are falling on hopes for a U.S.-Iran deal, but the global energy market may already be changing as countries rethink how much they can rely on the Strait of Hormuz and other vulnerable supply chains.Mike Armstrong and Paul Lane break down how the Iran conflict could permanently reshape global energy strategy, why oil prices may be pricing in too much optimism, and how China could benefit from the push toward energy diversification. They also discuss SpaceX’s explosive first days of trading, why its valuation now rivals the largest companies in the world, what Kevin Warsh needs to do at his first Fed meeting, why China’s consumer slowdown matters, and whether high-tax states like Massachusetts and Rhode Island are pushing more residents to consider leaving.