Wall Street Is Pointing to the 1990 Gulf War Playbook — And the Signal Is Unmistakable - 24/7 Wall St.
WTI crude soared well over $115 per barrel on Sunday, its highest level since 2022, after Gulf producers including Saudi Arabia, Kuwait, Iraq, and the UAE slashed output amid near-closure of the Strait of Hormuz. The S&P 500 (SPY) is down over the past the we…