The Presidents Daily Brief
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Why Didn’t Oil Hit $200 A Barrel?
Posted
June 27, 2026
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9:45Now PlayingDuring the Iran conflict, many analysts warned that oil prices could skyrocket if the Strait of Hormuz was disrupted. Instead, markets proved far more resilient than expected. Mike Baker sits down with Daniel Turner, Executive Director of Power The Future, to discuss why oil prices remained relatively stable, what the reopening of the Strait of Hormuz means for global energy markets, and what consumers should expect in the weeks ahead.
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