Oil Climbs as Trump Threatens Iran Strikes, Blockade | Bloomberg Businessweek Daily 7/8/2026
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Today, Bloomberg's Tyler Kendall reports the minutes from the first FOMC meeting of Kevin Warsh's tenure as Fed chair. Then, Bloomberg Economics senior geoeconomics analyst Adam Farrar breaks down oil market reaction as the US threatens more strikes against Iran and a renewed blockade of the Strait of Hormuz. Plus, Stephanie Roth, chief economist at Wolfe Research, reacts to news that some Fed members initially saw the case to hike rates despite eventually falling in line with fellow committee members in holding rates. Then, Brian Dobson and Greg Pendy from Clear Street discuss their SpaceX buy rating and where they see the stock going. Finally, Bloomberg 'Business of Sports' podcast co-host Vanessa Perdomo-Maglione talks the Unites States' exit from the World Cup and the future of soccer in the US. Chapters 00:00:00 Bloomberg Businessweek Daily 00:00:00 Market Reaction to the Fed Minutes 00:01:15 Inflation Risks, AI Spending & Interest Rates 00:03:30 Markets Digest the Fed's New Dire
Tags: Bailey Lipschultz, Brian Dobson, Carol Massar, Clear Street LLC, Consumers, Denitsa Tsekova, FIFA, FOMC, Fed minutes, Greg Pendy, Inflation, Iran, Kevin Warsh, Soccer, SpaceX, Stephanie Roth, Strait of Hormuz, Tim Stenovec, Tyler Kendall, Wolfe Research LLC
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