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Podcast: The Real Estate Espresso Podcast
Episode: The Lasting Impact of the Persian Gulf War
Description: On today’s show, we’re talking about the lasting impact of war in the Persian Gulf on oil prices, and more importantly, the cascading effects on real estate here in the United States.When conflict broke out in the Persian Gulf, the first reaction in financial markets was almost automatic. Traders bid up the price of oil. That response is understandable. A large portion of the world’s seaborne crude passes through the Strait of Hormuz, and any threat to supply got reflected in price almost instantly.But here’s where we need to separate...