Oil, Metals, and More Geopolitical Risk | Macro Mondays: Feb. 2, 2026

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 2 February 2026

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Andreas Steno and Mikkel Rosenvold of Steno Research break down the mounting U.S.–Iran tensions, the implications for oil, the U.S.–China decoupling, strategic mineral stockpiles, and supply-chain weaponization. They cover the biggest forces reshaping global markets – including today's surprising ISM print. 🔥 Binance is the world’s leading blockchain ecosystem, trusted by over 300M users in 100+ countries. It offers an unmatched portfolio of digital asset products such as trading, finance, Web3, payments, and more. 🔥 Learn more at https://binance.onelink.me/y874/realvison2 📣 Today’s sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you’re a seasoned trader in the Futures arena or brand new, Plus500’s user-friendly trading platform offers you the advanced tools, market insights, and quick execution you’ve been looking for. 👉 Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss. Elevate your brand with Real Vision. Connect with us at partnerships@realvision.com to explore advertising possibilities. About Real Vision™: We arm you with the knowledge, tools, and network to succeed on your financial journey. Connect with Real Vision™ Online: Website: https://www.realvision.com/join Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Linkedin: https://rvtv.io/linkedin 👉 Join our Discord channel and meet like-minded people: https://discord.gg/FTQsrUhD9Z Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Moments. They have the power to change everything.
0:07.0	The moments we try something new.
0:11.0	The moments we travel thousands of miles.
0:15.0	In seconds.
0:17.0	The ones that transform how we spend, how we save, how we build.
0:23.6	The moments we connect and create memories that last a lifetime.
0:28.6	The moments 300 million people say in unison,
0:32.6	we want a better way, but the moments that really matter are the ones that come next.
0:45.9	Hey, everyone, as you know, on this podcast, I bring the best guests in the world at that
0:50.5	nexus of understanding of macro-cry macro crypto and the exponential age of technology.
0:55.3	If you're enjoying the show, a quick five-star rating goes a long way.
0:59.2	It helps us grow and keep these conversations coming with the best guests in the world.
1:04.2	Thanks a lot.
1:09.3	Hello out there.
1:12.5	Welcome to another edition of Macro Mondays.
1:16.2	My name is Miguel Rosenwald.
1:17.7	We are live on Real Vision and I'm joined the usual by my co-host, Andreas.
1:21.7	Welcome to the show, Andreas.
1:23.4	Thanks, Michael.
1:24.4	What a week.
1:26.1	As usual, Andreas, we have so much to cover. Usually when we did the show pre the second Trump term here, we were talking about, oh, these are the numbers coming up next week and looking at our macro models. No time for that. It's all breaking news. It's all headline hockey.
1:42.8	And wow, have we got some headlines?
	...

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