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Iran Vows to Keep Strait of Hormuz Closed | Balance of Show 03/12/2026
Bloomberg Television· 2026-03-12 23:55
>> THIS IS "BALANCE OF POWER," LIVE FROM WASHINGTON, D. C. JOE: FROM BLOOMBERG'S WASHINGTON, D.C. , STUDIOS TO OUR TV AND RADIO AUDIENCES WORLDWIDE, WELCOME TO "BALANCE OF POWER." ALONGSIDE KAILEY LEINZ, I AM JOE MATHIEU. KAILEY: BLOOMBERG HAS LEARNED THE TRUMP ADMINISTRATION IS PREPARING TO WAIVE A CENTURY-OLD MARITIME LAW TO SETTLE OIL PRICES.EXPERTS QUESTION HOW MUCH RELIEF THE MOVE WOULD DELIVER, WITH NO CLEAR END TO THE WAR IN SIGHT. JOE: STILL SHUT DOWN. TSA AGENTS WALKING OFF THE JOB, RUNNING THE RIS ...
If oil goes much higher we are going to start experiencing major pain, says Jim Cramer
CNBC Television· 2026-03-12 23:39
Hey, I'm Kramer. Welcome to Mad Money. Welcome to Cra.Other people want to make friends. I'm just trying to save you a little bit of money here. My job is not just to entertain, but to educate, teach.Call me at 1800 743 CNBC or tweet me at Jim Kramer. We're in one of those critical moments where everyone's asking themselves the same thing. What the heck do I need to own any stocks for.Unless you own tons of oil stocks, a fertilizer stock, and a couple of chemical companies, you're getting a real beatd down. ...
X @Mr hunter
GEM HUNTER 💎· 2026-03-12 23:05
RT Mr hunter (@TrueGemHunter)Here are my predictions for global markets if the OIL price stays above $80 for longer than 2 weeks ( start of april prediction)Global stock markets will start to sufferExpecting a 10-15% drop for NASDAQ NIKKEI etc. BTC to follow downtrend and drop 30%Dollar and gold will rise, gold to new ATH. ...
Stock market today: Dow, S&P 500, Nasdaq rise as oil retreats, GDP growth slows more than expected
Yahoo Finance· 2026-03-12 22:53
Economic Indicators - The Dow Jones Industrial Average increased by approximately 0.7%, while the S&P 500 and Nasdaq Composite rose by 0.6% and 0.5%, respectively, indicating a recovery in stock markets after a sell-off [1] - The Personal Consumption Expenditures (PCE) index showed a 0.3% increase in headline prices for January compared to the previous month, while the core PCE, excluding food and energy, rose by 0.4%, consistent with economists' predictions [2][3] - The real GDP growth for the fourth quarter of last year was revised down to 0.7% from an initial reading of 1.4%, reflecting a slowdown from the 4.4% growth in the third quarter [4] Oil Market Dynamics - The ongoing conflict in Iran has led to a significant rise in oil prices, contributing to market instability and causing major US stock benchmarks to reach their lowest closing levels of 2026 [6] - Crude prices saw a pullback on Friday, with West Texas Intermediate futures dropping 2% to below $94 per barrel, and Brent crude futures retreating to just under $100 after previously exceeding that level [8] - The US has issued a second waiver for purchases of sanctioned Russian crude in an attempt to mitigate the oil supply disruption caused by the conflict, although analysts suggest this will not fully resolve the situation [7]
Dow Dives 700 Points As Oil Prices Surge Above $100 A Barrel; Three Leaders To Watch
Investors· 2026-03-12 22:06
Core Viewpoint - The Dow Jones Industrial Average experienced a significant decline of over 700 points due to rising oil prices, which surpassed $100 a barrel, amid the ongoing U.S.-Iran conflict [1] Group 1 - The Dow Jones Industrial Average fell more than 700 points on Thursday [1] - Oil prices surged above $100 a barrel [1] - The decline in the stock market is linked to the ongoing conflict between the U.S. and Iran [1]
Oil at $120 or $130 Could Trigger a Recession, Hooper Says
Youtube· 2026-03-12 21:04
Economic Impact - The rising oil prices, particularly at $120 to $130 per barrel, are likely to trigger a recession due to increased consumer costs [3] - The current economic environment is characterized as a K-shaped economy, with significant pressure on lower-income consumers, exacerbating existing affordability issues [4] Company-Specific Concerns - There is a delayed impact on major companies like Microsoft and Alphabet, but underlying issues such as the AI apocalypse and its potential effects on software as a service are concerning [5] - The growth in sectors like air data center buildout and high-end consumer spending may face slowdowns due to broader economic pressures [7] Private Credit and Market Sentiment - The private credit market is experiencing a feedback loop of redemption requests and liquidity mismatches, contributing to negative market sentiment [8][9] - There are uncertainties regarding the fundamentals of private credit portfolios, which adds to fear and pressure on the economy [9] Recession Outlook - There is a growing belief that the economy is more likely to enter a recession this year, a scenario that is not currently reflected in market pricing [10]
Iran Threatens New Targets; US Works to Tame Oil Prices
Youtube· 2026-03-12 20:44
Group 1 - The ongoing conflict is expected to last for several more weeks, with the Iranian regime showing resilience and strength, which may have been underestimated by the U.S. and Israel [1][2][10] - The relationship between Israel and the U.S. differs significantly, with Israel facing more immediate implications from the conflict compared to the broader economic concerns for the U.S. [3][4] - The Gulf states are experiencing a crisis in their relationship with the U.S. due to their previous reliance on Iran, leading to financial and security instability [5][6] Group 2 - The new Iranian leadership is asserting its influence over neighboring countries, indicating a shift in regional dynamics and potential threats to previously stable areas like Dubai [7][8] - The vulnerability of American military bases in the region has been highlighted, with over 50,000 American forces now at risk from Iranian military capabilities [9][10] - The Gulf states are cautious about engaging offensively in the conflict, despite having capable military forces, and are wary of becoming involved in a broader U.S.-Israeli strategy against Iran [11][12][14]
Oil Market's New Reality: The Gulf Disruption Isn't Going to End Soon
WSJ· 2026-03-12 19:25
Core Viewpoint - Analysts are predicting prolonged market disruptions and an increase in crude oil prices [1] Group 1 - The current geopolitical tensions are expected to lead to sustained volatility in the oil market [1] - Forecasts indicate that crude prices may remain elevated for an extended period due to these disruptions [1]
Crude Oil Surges as Strait of Hormuz Remains Closed
Yahoo Finance· 2026-03-12 19:21
Group 1: Energy Prices and Market Reactions - April WTI crude oil closed up +8.48 (+9.72%) and April RBOB gasoline closed up +0.1763 (+6.32%) due to geopolitical tensions involving Iran [1] - Crude oil prices spiked to a 3.75-year high of $119.48 after Israel bombed 30 Iranian oil depots, but have since fallen back to trading between $90 and $100 a barrel [3] - UK Defense Secretary Healey indicated that Iran is laying mines in the Strait of Hormuz, contributing to rising crude prices [2] Group 2: Geopolitical Tensions and Production Impacts - Iran's Supreme Leader stated that Iran would continue attacks on Gulf Arab neighbors and may open "other fronts" if US and Israel persist with their actions [1] - The Strait of Hormuz remains essentially closed, forcing Persian Gulf oil producers to cut production by roughly 6% due to capacity issues in local storage facilities [4] - Iraq suspended oil terminal activity following an attack by Iran on two tankers, and Oman temporarily evacuated a key oil export hub [4] Group 3: OPEC+ Production Decisions - OPEC+ announced plans to boost crude output by 206,000 bpd in April, exceeding earlier estimates, but this increase may be unlikely due to the ongoing Middle East conflict [5] - OPEC is attempting to restore a total of 2.2 million bpd production cut made in early 2024, with nearly 1.0 million bpd still to be restored [5] - OPEC's January crude production fell by -230,000 bpd to a 5-month low of 28.83 million bpd [5]