Chevron CFO Eimear Bonner says the company's portfolio is resilient to recent geopolitical risks. Speaks on "Bloomberg The Close," Bonner also comments on the company's buyback strategy and rising oil prices.
President Donald Trump says Iran's economy is crashing because of the Strait of Hormuz blockade during remarks to reporters at the White House.
Ed Yardeni, president of Yardeni Research, says markets can withstand $100 a barrel oil prices on "Bloomberg Surveillance."
Oil advanced as Iran-backed Houthi militants in Yemen entered the Middle East war and more US troops arrived in the region, raising fears the widening conflict will cause further chaos for energy markets. Bloomberg's Anthony di Paola reports.
Spain said Algeria will increase gas supplies to the nation as global energy markets face heightened instability linked to the war in Iran. The African country is already Spain's main gas supplier via the Medgaz pipeline, which links the two countries across the Mediterranean. Bloomberg's Priscila Azevedo Rocha reports.
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