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Trumponomics

Why Oil Prices Are Decoupling From Geopolitical Threats

On this episode of Trumponomics, we discuss how Israel’s surprise attack on Iran and the resulting war aren’t having the expected effects on energy markets.

Iranians watch a plume of heavy smoke and fire rise from an oil refinery in Tehran after it was hit in an overnight Israeli strike on June 15.

Photographer: Ahmad Hatefi/UPI/Shutterstock

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On this episode of Trumponomics, we ask what Israel’s war with Iran, Donald Trump’s public musings about sending America to fight again in the Middle East and a potentially soaring oil price would mean for the US economy—and the 79-year-old Republican’s economic plans. We also address why those high oil prices haven’t yet come to pass.