NYMEX data showed oil prices were hovering around $93.57 per barrel Tuesday afternoon, down 32 cents
Tuesday, FOX Business hosts David Asman and Lauren Simonetti said markets seemed to be preparing for tensions in the Strait of Hormuz to relax despite threats from Iran after U. S. strikes against Iranian sites.
“Investors are betting that the strait will eventually reopen and oil prices will decline, even as inflation and rising interest rates continue to squeeze consumers,” Asman said.
The stock market is looking through this current crisis as something that will mitigate very soon after we open the Strait,” Asman said
