Hermitage Capital Management CEO: If Hormuz stays closed, Putin wins
CNBC Television·2026-03-05 14:35
That's exactly where I want to start with you. Your assessment of what we're seeing play out in Iran and the Middle East right now and how it ripples to places like Russia. >> Well, so so the the the really big economic part of the story is the straight of Hormuz.Straight of Hormuz is a body of water where about 20% of all world's oil goes through leaving the Middle East for for end markets. the um Iranians have basically shut down the straight of Hormuz and if they can continue to keep it shut down then we ...