The economy has a Strait of Hormuz deadline for Trump: Two weeks
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Source: CNBC
Published: 2026-03-23 02:48 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Military & Defence, Iran, Energy, Economy & Finance, World News, US Politics, Business & Economy, War & Conflict
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Snippet:
With oil prices at levels not seen in years and global business supply chains across sectors of the economy shut down by the de facto closure of the Strait of Hormuz, faith in the C-suite that the worst isn't yet to come is being tested. On Friday, United Airlines CEO Scott Kirby said he is planning for $175 oil, and for an oil price that remains above $100 through 2027.
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