The economy has Strait of Hormuz deadline for Trump: Two weeks
... For now, the C-suite has its own view of the matter: it’s roughly two weeks and counting for the Trump administration and any allies that join the effort to reopen the Strait of Hormuz, or corporate executives have to assume that the conflict will drag on until at least mid-year, with all of the negative consequences that come with that for the global economy. That was the conclusion on a call among members of the CNBC CFO Council earlier this week with energy and commodities market expert John Kilduff of Again Capital, who joined CFOs to share his view of the oil price outlook from inside the trader and investor community. ... If the military and government do not have good answers by April 1, “The crunch is coming.” ... by the end of the year, even in the U.S., “We’re going to have a major energy crisis on our hands. … I think the shortages would certainly have come to California by then,” Kilduff said. ... "if this goes on much more than two weeks or so, we’re going to reprice the barrels of oil here considerably higher,” he said. ...
