Oil stocks could be wrong, but right now they're saying the Strait of Hormuz will reopen: Cramer
CNBC Television·2026-03-05 00:50
The oil market always seems to know everything. I've seen it time and time again. We saw the same story play out today and it was very good for the stock market.Dow Jones gaining 238 points, S&P climbing 78%. And the Nasdaq falling 1.29%. Because oil was at last, thank heavens, chill.If you read about the war with Iran, you know what. You're going to find a continual theme. It's broadening. It's widening.is getting ever more perilous. Yesterday, the front page of many newspapers told a story of Iran's vast ...