With elevated energy prices impacting Americans at the pump, Mabrouk Chetouane discusses the tentative ceasefire holding between Iran and the United States. He actually says the situation is worse in Europe and the energy shock could worsen depending on the situation brewing in the Strait of Hormuz. Mabrouk says that another player to watch should be China as it has a greater dependency on oil from Iran. Later, he chimes in on the new Fed leadership under Kevin Warsh and how the U.S. central bank sways policies from global financial systems.