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Morning Brew Daily
Why Oil Prices Could Tank the Economy & St. Louis Real Estate Market Plummets
Apr 15, 2024
28:20
Snipd AI
Exploring the impact of escalating tensions in the Middle East on oil prices and the global economy. St. Louis selling iconic building at a fraction of its peak value. Broadway season concerns about filling seats. Rising prices affect Forever Stamp. Weekend winners shared by hosts.
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Quick takeaways
- Growing tensions in the Middle East could lead to increased oil prices, impacting the economy negatively.
- Sale of a St. Louis office building at a significant discount reflects economic challenges in the Midwest.
Deep dives
The Impact of Rising Oil Prices and Middle East Tensions
Recent Middle East tensions have raised concerns about higher oil prices, which could lead to increased gas prices and impact various industries. The direct confrontation involving Iran, Israel, and the US could disrupt energy supplies, especially considering Iran's role as a major oil producer. Furthermore, the broader context of OPEC+ cutting output and other geopolitical factors like Ukraine's actions against Russian oil facilities contribute to the overall upward pressure on oil prices.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode