Squawk on the Street SOTS 2nd Hour: Israel-Iran Latest, Drill Baby Drill, and Fundstrat’s Tom Lee 6/23/25
Jun 23, 2025
Michael Oren, the former Israeli Ambassador to the U.S., shares his insights on the escalating Israel-Iran tensions and the implications for regional stability. He discusses the impact of U.S. military actions on oil prices and the crucial role of the Strait of Hormuz in global energy markets. Oren emphasizes the importance of diplomacy over military interventions. Additionally, the hosts analyze market resilience despite geopolitical challenges and explore opportunities presented by the current economic landscape.
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Israel's Progress and Nuclear Concern
- Israel has destroyed over 50% of Iranian missile launchers, reducing missile attacks on Israel.
- Iran's nuclear program and enriched uranium stockpile remain major unknown risks.
Markets Absorb Geopolitical Risks
- The market has already priced in geopolitical risk, allowing stocks to rise despite U.S. strikes on Iran.
- This resilience suggests stocks may continue to perform well into year-end.
U.S. Drilling and Oil Supply Status
- U.S. oil rig counts are down despite rising prices, indicating drilling may not increase soon.
- Global oil supply growth offsets U.S. production declines, keeping prices stable for now.