The Fox News Rundown Business Rundown: Markets Brace For An End Or An Escalation In Iran
Apr 6, 2026
Lou Basenese, Executive VP for market strategy at Prairie Operating Company and Fox News contributor, offers market analysis on oil, inflation, and investment moves. He discusses why markets seem to expect a quick end to the Iran conflict. He weighs the risks to the Strait of Hormuz and outlines short-term oil and inflation outlooks.
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Markets Are Pricing In A Swift End To The Iran Conflict
- Markets expect a quick resolution to Operation Epic Fury which mutes price shocks in oil markets.
- Lou Basenese says investors bet on a hasty resolution within two to three weeks, letting oil settle and earnings drive markets again.
Avoid Closing The Strait Of Hormuz
- Do avoid shutting the Strait of Hormuz as a strategy because it would severely handicap global logistics and economies.
- Basenese compares closing the strait to closing the Panama Canal and recommends building circumvention capacity like Saudi pipelines instead.
Oil Above $100 Destroys Demand And Hurts Politically
- Oil above $100 would cripple demand and be politically damaging ahead of midterms.
- Basenese expects futures to drop quickly once the war ends, with summer prices potentially back in the $70s.