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Bloomberg

US Strategic Petroleum Reserve Nears a 3-Year Low

The US buffer for crude oil is shrinking fast as the Iran war drags on. The country's emergency petroleum stockpile, known as the Strategic Petroleum Reserve, has shrunk to levels last seen in mid-2023, after the Biden administration decided to withdraw SPR crude barrels to mitigate the oil-price impact of the Russia-Ukraine war. The global oil supply chain is becoming more vulnerable with each passing day the Strait of Hormuz remains closed. Ellen Wald, President of Transversal Consulting joins to discuss.

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Bloomberg

How Young Billionaires Changed Private Flying

VistaJet President Leona Qi joins Bloomberg Open Interest to explain why a new generation of wealthy entrepreneurs is fueling outsize growth in private aviation. She reveals how younger billionaires prioritize efficiency over ownership, why private jets are becoming productivity tools rather than luxury purchases, and how private flight routes can predict where global wealth and investment are moving next.

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