00:00It's Benzinga bringing Wall Street to Main Street.
00:02The U.S. economy faces renewed uncertainty after Trump launched open-ended attacks against Iran
00:07aimed at toppling its government, according to Reuters. Oil prices rose from $70 to nearly $80
00:13per barrel before easing, and shipping through the Strait of Hormuz slowed. Analysts warned that
00:19higher energy costs and trade disruptions could undermine a previously buoyant growth outlook.
00:24J.P. Morgan said a military war layered on the U.S. war on trade puts a nascent business
00:29recovery at risk. Markets remained relatively contained, with futures still pricing two
00:34Fed rate cuts this year. Economists outlined scenarios ranging from a quick resolution to
00:39oil above $120, supply chain disruption, rising unemployment, and faster Fed rate cuts.
00:46For all things money, visit Benzinga.com.
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