The Lasting Impact of the Persian Gulf War

<p>On today’s show, we’re talking about the lasting impact of war in the Persian Gulf on oil prices, and more importantly, the cascading effects on real estate here in the United States.</p><p>When conflict broke out in the Persian Gulf, the first reaction in financial markets was almost automatic. Traders bid up the price of oil. That response is understandable. A large portion of the world’s seaborne crude passes through the Strait of Hormuz, and any threat to supply got reflected …