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MacCarley: Iran's Strait of Hormuz Control Throttling

The US and Iran have agreed to a two-week ceasefire, in a move that could pause the conflict after six weeks of fighting. But while the deal is expected to halt attacks for now, key issues remain unresolved -- from the opening up of the Strait of Hormuz to broader tensions over Iran's nuclear and missile programs. Mark MacCarley, Retired US Army Major General and Managing Attorney at MacCarley & Rosen spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the next steps for the two countries.

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Bloomberg

Sustained Rally Hinges on Hormuz Reopening, BNP's Huynh Says

Sophie Huynh, portfolio manager and strategist at BNP Paribas Asset Management, reacts to the two-week US-Iran ceasefire announcement and whether the relief rally in markets can be sustained. "How long it's going to take for oil to reach those countries as the Strait of Hormuz potentially opens is, I think, a key question," Huynh tells Bloomberg Television.

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Insights

The unintended green revolution

For decades, the global transition to renewable energy was a project of incrementalism — a slow-moving mosaic of carbon taxes, solar subsidies, and earnest international accords that often felt more aspirational than urgent. 

Policy wonks argued over the nuances of the Inflation Reduction Act, while climate activists lamented the glacial pace of the "energy pivot."

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Insights

The Boomer gold rock is back

For the better part of a decade, the gilded youth of the financial world — the "crypto-native" generation — dismissed gold as a "boomer rock." 

To them, the heavy, yellow metal was an analog relic, a petrous souvenir of an era before the lightning-fast efficiency of the blockchain. 

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The bull market in bloodshed

For years, the global defence industry existed in a sort of polite exile. 

In the era of ESG mandates and the "peace dividend," shares in weapons manufacturers were often treated as the "tobacco stocks" of the new millennium — profitable, perhaps, but unseemly. 

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The chokehold on the world

For decades, the Strait of Hormuz has existed in the global consciousness as a geopolitical abstraction — a narrow, jagged ribbon of blue on a map that experts warned was the "jugular vein" of the modern world. 

But as the closure of the Strait enters its second month, that abstraction has curdled into a cold, suffocating reality. 

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Bloomberg

Fahmy: Iran Emerged as Global Power Player from War

The US and Iran have agreed to a two-week ceasefire in exchange for the reopening of the Strait of Hormuz. The deal buys time for the two sides to reach a longer agreement to end the six-week-old war which has sparked a global energy crisis. Dalia Fahmy, Long Island University's Director of International Relations and Diplomacy & Associate Professor of Political Science spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the ceasefire.

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Insights

Why Wall Street just pulled the plug on crypto

For a fleeting moment last autumn, it appeared that the long-running friction between the frantic world of cryptocurrency and the buttoned-down halls of global finance had finally reached a grand synthesis. 

With the debut of spot exchange-traded funds (ETFs) and Bitcoin scaling heights near $126,000, the industry’s boosters declared that "digital gold" had finally arrived as a permanent fixture of the modern portfolio.

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