00:00It's Benzinga bringing Wall Street to Main Street.
00:02Michael Burry warned in a post on X that Trump may face political pressure if the stock market
00:07continues falling as oil prices surge after U.S. and Israeli strikes on Iran began on February 28th.
00:14Crude prices have jumped about 50 percent since the conflict began, with Brent trading in the
00:19low hundreds of dollars and spikes above $110 as disruptions in the Strait of Horma's restrict
00:24supply. WTI also moved above $100 as producers in Kuwait and the UAE trimmed output. Energy markets
00:32have surged alongside the conflict, and major market ETFs declined as oil rose and volatility
00:38increased. Spiking oil prices, surging energy ETFs, and weakening stock market indexes create
00:44conditions that Burry says could pressure Trump to escalate or intervene in response to market
00:49declines. For all things money, visit Benzinga.com.
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