Squawk on the Street SOTS 2nd Hour: Israel-Iran Conflict Latest, G-7 Meeting Begins, & FOMC Predictions 6/16/25
Jun 16, 2025
Wendy Sherman, former Deputy Secretary of State and lead negotiator for the Iran nuclear deal, sheds light on Iran's recent signals for de-escalation with Israel. She discusses the implications of renewed talks with the U.S. amidst ongoing geopolitical tensions. The conversation also touches on the G-7 summit developments and forecasts for global economic shifts. Insights into U.S. equities and the steady energy market further enrich the discussion, painting a complex picture of diplomacy and economic strategies in uncertain times.
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Oil Prices Hold Amid Attacks
- Oil prices remain steady despite Israeli strikes on Iranian energy assets.
- Strait of Hormuz remains open, critical to stable global oil supply.
OPEC vs IEA Oil Supply Perspectives
- OPEC sees no need to change oil supply despite tensions.
- The IEA monitors closely and is prepared to release emergency stocks if needed.
Markets Weather Geopolitical Shocks
- Markets tend to recover quickly from geopolitical shocks, usually within a month.
- This resilience shows that most geopolitical tensions remain contained and don't spread widely.