Michael Fox and Chris Temple of the National Investor discussed the ongoing Iran conflict and its global economic implications on the Prospector Podcast. They analyzed how President Trump’s inconsistent messaging and military actions in the Middle East have created uncertainty in markets, leading to volatile stock movements and rising oil prices. Chris explained that the conflict has created a supply shock affecting global energy markets, with estimates suggesting 12% of daily global energy use has been destroyed. They discussed how this situation is putting pressure on the Federal Reserve, which faces a difficult choice between addressing inflation or preventing a credit crisis. The conversation covered the potential end of the petrodollar system in the Middle East and its impact on the US dollar’s status as a global reserve currency. Chris advised investors to focus on cash, inverse ETFs, and energy investments while being cautious about other commodity purchases, suggesting that future opportunities would come with quantitative easing measures from the Fed.