
McNally: Oil Disruption From Hormuz Could Last Weeks
Energy expert Bob McNally warns that oil disruption from the Strait of Hormuz crisis could persist for weeks, with a 30-day scenario now looking like the base case rather than worst-case outcome
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Energy expert Bob McNally warns that oil disruption from the Strait of Hormuz crisis could persist for weeks, with a 30-day scenario now looking like the base case rather than worst-case outcome

Oil prices experienced their largest single-day gain since 2020, surging 9.5% as traffic through the Strait of Hormuz remains severely restricted

The U.S. is considering stricter export controls on AI chips that could affect global markets, not just China-specific restrictions

Morgan Stanley is cutting approximately 3% of its workforce, affecting over 2,000 employees across investment banking, trading, and wealth management divisions