Oil to Extend Gains as Iran Disruptions Drag On | Bloomberg Businessweek
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF (http://bit.ly/3vTiACF). Brent oil advanced to the highest since late July due to strikes on Middle East energy infrastructure, stoking fears of fresh supply tightness. The global benchmark edged up to settle close to $98 a barrel after reported explosions at Iran's vital export hub Kharg Island. Markets are increasingly pricing a prolonged Mideast conflict, with Goldman Sachs Group Inc. analysts modestly raising the bank's oil-price estimates on the assumption that shipping disruptions will persist. On this episode, Carol Massar and Tim Stenovec speak with: Mia Gindis, Bloomberg News Oil Markets Reporter Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech on Apple’s $2,000-Plus Foldable iPhone Was a Decade in the Making Marc Champion, Bloomberg Opinion International Affairs Columnist on America’s Iran War Forgot About Nukes Jared Dillian,
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