What Happens if Oil Stays Above $100?

Chuck Zodda and Mike Armstrong examine the rapidly escalating situation in the Middle East and what it could mean for the global economy. With the Strait of Hormuz largely shut down and oil prices surging above $100 per barrel, they break down how energy markets are reacting, why shipping and insurance disruptions are compounding the problem, and what scenarios could unfold next.They also discuss the potential ripple effects across the economy—from rising gasoline and diesel prices to the impact on shipping costs, fertilizer supplies, and food prices. Plus, the hosts weigh how the Federal Reserve might respond as higher energy prices collide with a weak February jobs report and growing uncertainty about inflation.