Markets Show Concern Over Hormuz Closure | The Close 3/12/2026
Speakers
Romaine Bostick
— Anchor, Bloomberg
Katie Greifeld
— Anchor, Bloomberg
Binky Chadha
— Chief Global Strategist, Deutsche Bank
Davide Scigliuzzo
— Reporter at Bloomberg
Olivia Tong
— Managing Director, Raymond James Equity Research
Paul Abrahimzadeh
— Partner, 1789 Capital
Norah Mulinda
— Market Reporter, Bloomberg
Kristina Hooper
— Chief Global Market Strategist, Invesco
Carol Massar
— Anchor, Bloomberg
Tim Stenovec
— Anchor/Co-Host, Bloomberg TV & Radio
Head of Technology Research
— D.A. Davidson
CEO
— Zendesk
Co-Founder
— Forethought
Christopher Sestito
— CEO and Co-Founder, HiddenLayer
Mark Kimmitt
— Retired Brigadier General, US Army
Dave Ritterbush
— CEO, Califia Farms
Raina Moskowitz
— CEO, The Knot Worldwide
Summary
- The closure of the Strait of Hormuz has pushed Brent crude above $100 per barrel for the first time since 2022, sparking fears of a sustained energy shock and rising inflation.
- Bond yields are rising globally, leading markets to price out rate cuts for the year and raising concerns about the U.S. consumer and a potential recession.
- Private credit markets are showing signs of stress, with major alternative asset managers limiting fund redemptions amid valuation concerns.
- The IPO market is showing signs of life despite volatility, with companies like SpaceX and SoftBank gearing up for potential public debuts.
- AI integration continues to drive corporate strategy, from Bumble launching an AI matchmaker to Zendesk acquiring AI customer service platforms, while cybersecurity firms warn of a surge in AI-driven attacks by nation-states.
