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Each day the Strait of Hormuz stays closed could add $3–$5 to oil prices: Atlantic Council CEO
CNBC Television· 2026-03-16 15:50
For more on the latest developments in Iran, let's bring in Fred Kemp, CEO of the Atlantic Council. Fred, looking at the the global picture, I wonder what you make of of just where we are when it comes to the Straight of Hormuz, and you know, there was talk that some of the allies, some of our the US allies would help try to get ships through. Where do you think we are on that.>> Well, so first of all, let's be very clear about how the administration feels and then what the race against time is. Uh the admi ...