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The Strait of Hormuz, the vital artery for global oil transit, has been effectively closed since the U.S.-Israel war on Iran started in late February.
Source
CNBC
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OpenAI did not disclose the terms of the deal but said TBPN will be housed within its strategy organization.
No one yet knows when the Strait of Hormuz will fully reopen, but rebuilding energy infrastructure and restoring production in the Middle East are what matter most to the global oil market.
The U.S. economy is projected to show job gains of 59,000 in March, with the unemployment rate holding at 4.4%.
Tina Fordham, founder & geopolitical strategist at Fordham Global Foresight, joins Scarlet Fu on "Bloomberg Markets." She gives her perspective on geopolitics and oil markets as President Trump comes under increasing international pressure after he pledged to continue the war on Iran, sparking further turmoil in energy markets. (Source: Bloomberg)