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Who gets the blame for spiking gas prices? Enten breaks it down 0 (0)

CNN chief data analyst Harry Enten runs the numbers on who’s getting the blame for higher gas prices, which hit a 4-year high of $4.39 a gallon Friday, That average is up 9 cents from Thursday’s average and up 33 cents in one week. However, some experts are wondering why gas prices aren’t higher, considering the historic destruction of the world’s oil supply. 0:00 Harry Enten breaks down who gets blamed for higher gas prices 3:52 Trump downplays rising oil prices, says they’ll “drop like a rock” after Iran war 4:33 Patrick De Haan from GasBuddy analyzes rising gas prices: [See More…]

Bloomberg Television News & Politics

Iran War: The US States Where Gas Prices Are Surging Fastest Under Trump 0 (0)

US President Donald Trump has vowed to maintain a naval blockade on Iran, reiterating that the policy is depriving the Islamic Republic of much-needed oil revenue. West Texas Intermediate, the main US crude marker, rallied toward $111 a barrel on Thursday, while Brent, the global benchmark, topped $126. In a written statement, Iran’s Supreme Leader Mojtaba Khamenei cast doubt on the prospects of a deal with the US, vowing not to give up the Islamic Republic’s nuclear or missile technologies, and signaling Tehran would keep control of the Strait of Hormuz. The American Automobile Association says in California, the average [See More…]

Bloomberg Television News & Politics

UAE Leaving OPEC at Right Time, Energy Minister Says 0 (0)

The United Arab Emirates is leaving OPEC on May 1, dealing a blow to the group and its leader Saudi Arabia. UAE Energy Minister Suhail Al Mazrouei tells Bloomberg’s Joumanna Bercetche that the timing is right because of the war in Iran. Bercetche spoke to him on the phone and she reports on “Bloomberg Open Interest.” ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: [See More…]

Bloomberg Television News & Politics

US, Iran in Battle to Control Strait of Hormuz 0 (0)

The US and Iran are locked in a battle for control of the Strait of Hormuz after failing to meet for a fresh round of peace talks even as President Donald Trump says he’ll keep a ceasefire in place. Michael Ratney, the former US ambassador to Saudi Arabia, shares his perspective on “Bloomberg The Close.” ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television [See More…]