Why WTI Dropped Below 70 as US Strikes Iran

Episode 77 of Energy Economics examines the sharp 7.5% weekly drop in WTI crude, which fell below $70 a barrel on June 26 after the US struck Iranian targets in the Strait of Hormuz. Lucas and Luna unpack why a military escalation in a critical chokepoint is sending oil prices down instead of up, focusing on demand-side fears from factory job cuts and a slowing global economy. They contrast crude's slide with sticky gasoline prices around $3.91 a gallon, and explore what the divergence between oil and refined products signals about recession risk. The hosts also check in on natural gas and clean energy stocks, which have been falling faster than crude this quarter. No hot takes, just real economics grounded in the latest data. #WTI #OilPrices #StraitOfHormuz #Iran #CrudeOil #GasolinePrices #DemandShock #Recession #NaturalGas #CleanEnergy #XLE #EnergyStocks #Economics #SupplyChain #Geopolitics #FexingoBusiness #BusinessPodcast #EnergyEconomics Keep every episode free: buymeacoffee.com/fexingo