Oil Markets Brace for Renewed Iran Fighting

Hormuz is flowing again and the price still won't come down. That's the premium for a ceasefire nobody trusts.

Bloomberg Economics Chief Emerging Markets Economist Ziad Daoud tells Bloomberg This Weekend that the risk of renewed fighting between the US, Israel and Iran is rising, helping keep oil prices elevated even as energy flows through the Strait of Hormuz recover. Speaking with hosts David Gura and Christina Ruffini, Daoud says the conflict could remain a long-term stalemate, with heightened shipping costs, depleted stockpiles and escalating regional tensions continuing to threaten global energy supplies. (Source: Bloomberg)

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