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Eric Daugherty, founder / CEO at The Daugherty Company, reports that oil prices are plunging and approaching $80 per barrel following what he describes as a generational victory by U.S. President Donald Trump in Iran.
He adds that Democrats are reacting angrily to the developments, while noting the U.S. president's peace deal that bolsters his image as 'Peace President'.
Daugherty has previously covered major financial actions by authorities, reporting on law enforcement's seizure of $270 million and luxury vehicles from fraudsters. He also noted the $27 billion investment by Swiss companies in the U.S. following a tariff agreement. His recent commentary adds to his history of tracking significant global and U.S. economic developments.