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Trump Floats Iran Strike, Blockade | Balance of Power 7/8/2026
Bloomberg Television· 2026-07-08 19:11
Live from Washington, D. C. this is Balance of Power with Joe, Matthew and Kailey lines.Stocks down and oil up as the cease fire hits a wall. Welcome to the Wednesday edition of Balance of Power. As President Trump promises at the NATO summit in Turkey that Iran will never get its hands on a nuclear weapon.I'm Joe Matthew alongside Kailey Lines in Washington. Thanks for being with us here on the Wednesday edition. Kailey, it's tough to tell where we're going.Hear the president saying earlier that the cease ...
Oil prices rise after Trump threatens to bomb Iran and reimpose naval blockade
CNBC Television· 2026-07-08 16:55
So the narrative in oil had turned notably bearish with traders pricing in an overs supplied market. But this latest escalation changing the calculus on when flows through the straight can return to normal. In theory, every renewed attack on commercial shipping further erodess confidence in the straits reopening notes Kepler making each future recovery more fragile than the last.WTI up 7% here in European natural gas prices up 8% this week getting back towards that 50 per megawatt hour level after a Qatari ...