Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Instability from Iran War is 'a global problem' for oil markets - Velshi - MS NOW
Two months into the war with Iran, the price of oil and gas is high, and MS NOW Business Analyst Ron Insana explains that "the price here is not coming down" any time soon.
From transportation to plastics, crude oil is essential to the global economy, so the current oil crisis "extends well beyond gasoline" to become "a global problem." The complicated, intertwined nature of oil markets and the global economy means that "this is going to be a protracted problem," Insana explains. - Aired on 05/02/2026.