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05.10.2024 1:25
S&P Rebounds, Ends Week Positive | Closing Bell Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Vonnie Quinn, Scarlet Fu, Carol Massar and Tim Stenovec. (Source: Bloomberg)

05.10.2024 2:28
Strait of Hormuz Closure Could Send Oil Over $100: Morse Hartree Partners Senior Adviser Ed Morse expects oil prices to continue rising as the attacks in Iran escalate. Speaking on “Bloomberg The Close,” Morse says, “There is no spare capacity to cover the closing of the Strait of Hormuz,” a critical shipping route which sees millions of barrels of daily oil flow. Morse says a closure of the strait could send oil prices over $100 a barrel.