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Bloomberg

Stocks Jump in Face of Uncertainty Over Strait of Hormuz

A ceasefire between Israel and Hezbollah in Lebanon and news that Iran allegedly decided to reopen the Strait of Hormuz to commercial shipping sent risky assets surging anew on Friday. This surge extended a rally that pushed the S&P 500 to a fresh record and fueling its biggest monthly advance since 2020. Bloomberg TV Anchor Dani Burger and Bloomberg Intelligence Senior Commodity Strategist Mike McGlone join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss.

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Bloomberg

Hank Paulson on Iran War, Inflation, and Market Risk

The war in Iran is putting pressure on global energy markets, but its broader economic impact could be even farther-reaching. Former US Treasury Secretary Hank Paulson says the conflict is likely to push inflation higher, keep interest rates elevated, and strain industries from airlines to agriculture. At the same time, Paulson highlights rising sovereign debt and a fragile US-China relationship as key vulnerabilities, arguing that while the US economy remains resilient, the longer-term risks are mounting.

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Bloomberg

Iran Says Strait of Hormuz is Shut Amid Reports of Gunfire

Iran broadcast to ships in the Strait of Hormuz that the vital oil and gas channel is closed to maritime traffic again, with owners reporting gunfire in the waterway less than 24 hours after the nation's foreign minister declared it open. Bloomberg News White House Correspondent Jeff Mason, Jerusalem Reporter Dan Williams and The Associated Press' International Correspondent Philip Crowther join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss.

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