Latest / The 47 Morning Update with Ben Ferguson
Inside the Shockwaves of the Iran Deal as Strait Reopens & Markets Explode
1. Economic Impact of the Deal Oil prices dropped sharply (from crisis highs around $118 to below $80 per barrel) Stock markets rallied Investors interpreted the deal as reducing the risk of a wider Middle East war Lower oil prices are framed as beneficial for: Gas prices Transportation costs Inflation overall 2. Strategic & Military Claims Lost missile capability (large percentages destroyed) Cannot rebuild its military industrial base Has minimal ability to project power Iran has no meaningful air force or navy U.S. holds full air superiority Iran’s nuclear program is effectively…
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