Economy 'Can Manage' Oil at $90, Plurimi Says

Plurimi Wealth CIO Patrick Armstrong discusses market moves as oil prices dropped after the US paused almost two weeks of daily strikes against Iran. "Even if we do get a relatively open Strait of Hormuz, it is going to be a restocking phase that'll support oil prices," Armstrong tells Bloomberg Television. He adds that oil around $90 a barrel is "a headwind for growth but not terribly so," but should prices go higher, it puts central banks in a "very difficult position."