Tanking Oil Prices... and the Economy

Iran’s Gamble [The Daily FWD] October 03, 2024 [UNSUBSCRIBE]( Tanking Oil Prices… and the Economy Hi Reader, Here’s what our editors are looking at today… [Click here to learn more]( News: Jim Rickards – Mideast Tinderbox Set to Explode After failing to retaliate against Israel in August, Hezbollah and other Iranian proxies in the region have begun to question Iran’s power and reliability as an ally. They saw weakness as Israel constantly provoked Iran while it did nothing. Iran may have therefore concluded that it couldn’t back down from Israel’s most recent provocations, no matter if its allies disapproved. It simply had to retaliate in order to save face. Now the ball’s in Israel’s court, as it were. Depending on what happens next, we could be facing a wider Middle East war that could potentially involve the U.S. Beside the human cost, it would have serious economic implications. If we’re not in a recession already, we’re clearly heading for one. A new Middle East war will drive up the price of oil, maybe dramatically depending on how the conflict unfolds. We’d be staring in the face of a major recession that would crush average Americans. That could be the final nail in the coffin of the Biden/Harris economy. [⇒ Read More Here]( Recommended Reads: You have [(1) item]( on hold at our warehouse: Item #: [51987]( Status: On hold Value: Approx. $300 Claim by date: 10/06 at 11:59 PM To see how to claim yours simply [click here]( our Head of Customer Experience will show you what you need to do. [⇒ See More Here]( [Click here to learn more]( Markets: Emily Clancy – America’s Next Move (Highlights) AI is revolutionizing drug discovery and development. It’s risky business getting a new drug to market — costing around $2.3 billion per drug and often taking over a decade. But using AI could help boost success rates while cutting costs by an impressive 90%. We might be looking at “Star Trek-level health care” in the near future where advancements in AI, personalized medicine, gene editing and immunotherapy could help extend human life spans to an average of 120 years. [⇒ Read More Here]( [Click here to learn more]( America: Dave Gonigam – COVID Redux “After two days, we will feel nothing from a strike,” says Byron King — Paradigm’s resident renaissance man. Having cut his teeth in the oil business as a geologist, and as a Navy flight officer with three decades of service… he knows a thing or two about logistics and the process of moving things from Point A to Point B. The real trouble comes not after two days but after two weeks. We'll see some empty space on store shelves. And look for the prices of gasoline, diesel and jet fuel to rise. The strike will affect imports of heavy crude to blend at refineries. After three weeks, expect significant factory shutdowns as parts are not flowing. [⇒ Read More Here]( That’s all for today, we’ll be back tomorrow with more topics and articles from our editors. Email us [here](mailto:feedback@paradigmpressgroup.com) with whatever crosses your mind that you want us to cover. We look forward to hearing from you! Looking forward to your financial future, [The Daily FWD] The Daily FWD [feedback@paradigmpressgroup.com](mailto:feedback@paradigmpressgroup.com?subject=Daily FWD Feedback) Recommended Reads: [Ex-CIA Insider: “Prepare for Election Meltdown”]( [Click here to learn more]( After correctly predicting the Great Recession of 2008, Trump’s 2016 Election and the Covid Crisis of 2020… Former advisor to the CIA, the Pentagon and the White House Jim Rickards… Is now warning everyday patriots like you to prepare for a historic election meltdown. 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