Shell CEO says oil market is short nearly 1 billion barrels due to Iran war and the hole deepens every day
Original Report
The Strait of Hormuz remains closed as the oil market hopes the U.S. and Iran will strike a deal that could restore energy shipments.
Glass House Analysis
Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
Airbnb tops revenue estimates, but Middle East cancellations rise due to Iran war
Airbnb reported mixed first-quarter results after the bell on Thursday and warned of regional weakness due to the war in Iran.
Block earnings show a growth pickup, in a potential validation of the massive AI push
100% of Block employees now use AI at work, three months after the company’s eye-popping mass-layoff announcement.
CoreWeave reports ‘unprecedented’ $100 billion backlog — but that comes at a cost
The stock is choppy as investors weigh record-breaking demand against widening losses.
Here’s how I turned my kids into ‘thousandaires’ managing their own money by their 18th birthdays
At some point, you have to hand over financial control to your newly minted adult.