Why Oil Plunges as the Strait of Hormuz Closes Again

Episode 64 of Energy Economics with Fexingo digs into the paradox of crude prices dropping sharply even as Iran reportedly closes the Strait of Hormuz again. With WTI down 5.2% in five days to $76.54 and Brent slipping to $80.59, Lucas and Luna ask: is the market pricing in a quick reopening, or is something bigger at play? They examine the timing of the closure against nuclear talks, the massive drop in oil stocks like Exxon and Chevron (down 6-7% in the same period), and what the inflation data—CPI at 334.0, core CPI at 336.1—says about demand expectations. Plus, a look at why clean energy ETFs like ICLN are holding up, and a listener-supported reflection on the show's ad-free model. #OilPrices #StraitOfHormuz #Iran #WTI #Brent #CrudeOil #EnergyStocks #XLE #ExxonMobil #Chevron #Inflation #CPI #CleanEnergy #ICLN #FexingoBusiness #BusinessPodcast #Economics #Geopolitics Keep every episode free: buymeacoffee.com/fexingo