This joining us is Klay Seagull. He is senior fellow for energy security at Center for Strategic and International Studies. Also an analyst with extensive ship and tanker expertise as well.Uh listen, they jammed up apparently Clay, you tell me if I'm wrong, some of the signals on these ships, which pretty much operate like airplanes at this point, meaning it's kind of computers running the show. Two ships colliding. It's happened before.It will happen again, but the timing is hard to miss at this point. Hey ...

Stocks lost ground Tuesday, while oil prices moved sharply higher, as investors monitored developments in the escalating conflict between Israel and Iran and digested disappointing economic data. https://t.co/M7BTlaOBdR ...

Let's start with your word of the day, Kevin. My word of the day, Frank, is restrictive. Now, the geopolitical events are dominating the headlines and for good reason, but we do have a Fed meeting this week and I think markets are going to be paying very close attention to the path of interest rates and I could make a case that I think that we're already in territories where we're getting a little restrictive and we need to start having a conversation at least about rate cuts.All right. So, I think we need ...

Global energy markets reacting to Israeli strikes on Iran. CNBC's a senior national correspondent. That doesn't But you're you know a lot about oil.You go to Austria all the time and Vienna and OPEC. You join us now. What can you tell us.Alaska, right. Yeah. Alaska. Alaska.I can I can tell us that. I'm going to take a different tact. Okay.Oil has is up 8%. It's one of the biggest moves in years. Okay.Single day moves. We're at 7351 here. Just about $80.Brent crude in Europe. Why aren't we at $100 a barrel. ...

bring in Haleem Croft, global head of commodity strategy at RBC Capital Markets and a CNBC contributor. This about what you would expect with something like this. This is about what we'd expect.I think the key thing to watch now will be what will the Iranian retaliation look like beyond the drone strike that we saw yesterday. Obviously, people be paying attention to the regional energy infrastructure. There's a lot of concern over the straight of Hormuz.20% of global oil supply goes through there on a daily ...

Market Reaction to Geopolitical Events - Initial reports of no damage to Iranian oil infrastructure led to a price correction after Brent crude prices initially spiked by 13%, settling at a 7% increase [1] - The market is closely monitoring the potential impact on Iran's oil production, export capabilities, storage, and refining capacity [2] - The market is sensitive to the possibility of a larger conflict involving the Strait of Hormuz, despite the difficulties and potential detriment to Iran [3][4] - Potential self-sanctioning by ship owners avoiding the region due to prolonged conflict could reduce oil and gas supply [5] - The market is in a wait-and-see mode, closely observing Iran's response to the Israeli attack and Israel's subsequent actions [6] Supply and Demand Dynamics - The oil market is currently considered frothy and oversupplied, providing a buffer against potential supply disruptions [9] - Brent crude prices had risen to $78, after being at $60 at the beginning of May due to concerns about the trade war impacting demand [10] - Weaker oil demand, influenced by trade war concerns and lagging Chinese industrial output, mitigates the immediate impact of potential supply reductions [10][11] - Despite the oversupplied market, the potential disruption of the Strait of Hormuz, though a remote possibility, is causing price gains [12] Geopolitical Developments - Reports indicate a large-scale Israeli attack involving over 200 Air Force planes targeting 100 Iranian nuclear and missile facilities [7][8] - Iran's response includes a statement emphasizing the necessity of nuclear enrichment [7][8]

Core Viewpoint - American Airlines (AAL) anticipates a busy summer season with plans to operate over 715,000 flights, nearly 5% more than the previous summer [1][3]. Flight Operations - AAL plans to operate approximately 38,000 flights over the Memorial Day weekend, with peak travel days expected on May 22 and May 23, each featuring 6,471 departures [2]. - The busiest day of the summer for AAL is projected to be July 6, with nearly 6,800 flights scheduled [2]. - AAL expects customers to check over 50 million bags this summer, reflecting strong demand [3]. Stock Performance - AAL shares have increased by 21.8% over the past 30 days, outperforming the Zacks Transportation-Airline industry's 16.3% and United Airlines' 19.7% gains [5]. - Delta Air Lines has shown even stronger performance with a 26.9% increase in the same period [5]. Trade Tensions and Economic Factors - Easing trade tensions between the U.S. and China, including a 90-day deal to reduce tariffs, have positively impacted airline stocks like AAL [9][11]. - The reduction in oil prices is beneficial for AAL, with fuel expenses decreasing by 13.2% to $2.6 billion in Q1 2025, and average fuel prices dropping from $2.86 to $2.48 per gallon [12]. Valuation Metrics - AAL's Value Score of A indicates it is not overvalued, trading at a forward price-to-sales multiple of 0.14, lower than industry averages and competitors [13]. Challenges - Despite positive indicators, AAL faces challenges such as elevated long-term debt of $24.7 billion, resulting in a debt-to-capitalization ratio of 94.9% [17]. - High labor costs, which increased by 9.2% year-over-year in Q1 2025, are also impacting AAL's profitability [18]. - Earnings estimates for AAL have declined over the past 60 days, indicating potential headwinds for future performance [19][20].