Oil pulls back on Hormuz hopes... And a billionaire investor’s bond market warning 8/25/26
About this episode
Crude oil prices retreat after Oman and Iran struck a tentative deal to reopen the Strait of Hormuz. The traders debate whether the latest pullback has staying power. Then, investor Peter Boockvar reacts to Stanley Druckenmiller’s tough stance against Treasury Sec. Scott Bessent’s planned bond buybacks. He explains why he sees merit in the billionaire investor’s pointed opinion piece. Plus, gold miners pace for their best-ever month, Canada’s tariff tit-for-tat and Dick’s Sporting Goods posts its worst day on record.
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