
SOTS 2nd Hour: Israel-Iran Latest, Drill Baby Drill, and Fundstrat’s Tom Lee 6/23/25
Squawk on the Street
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Oil, Geopolitics, and Economic Impacts
This chapter explores the current state of oil drilling in the U.S. amid declining rig counts and highlights the complex geopolitical tensions affecting oil transportation, especially through the Strait of Hormuz. It discusses the implications of U.S. military actions and Iranian activities on global oil prices, alongside the Federal Reserve's monetary policy decisions impacting the economy. Additionally, it touches on the contrasting performances of pharmaceutical companies in the wake of new obesity drug developments and related legal implications.
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