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War and Markets

Nobody who understands the investment markets was surprised by the recent drop in stock prices after war broke out in the Middle East.  Those who follow economics were completely unsurprised that when a country that normally produces 15 million barrels of oil a day goes offline, oil prices (and prices at the pump) would jump unpredictably. The more recent closing of the Strait of Hormuz has further exacerbated this situation.

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