The Market Still Doesn't Get It

June 1, 2026 - Chase discusses why the oil market may still be dramatically underestimating the consequences of a three-month Strait closure. Despite a surge in crude prices, improving risk sentiment, and renewed optimism around negotiations, global inventories continue to tighten while critical questions remain unanswered. Chase also covers the latest developments involving Iran, Lebanon, and Israel, rising inflation risks, potential Fed rate hikes, the changing supply-demand dynamics in equities, and why international markets continue to outperform many U.S. investors' expectations.