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Yahoo Finance
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Berkshire Hathaway Inc.’s cash pile jumped to its highest level ever, reaching $397 billion, inGreg Abel’s first quarter as chief executive officer. Bloomberg Intelligence Senior Analyst Matthew Palazola joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)
As the US naval blockade in the Strait of Hormuz tightens around Iran’s oil trade, exports have plunged in recent weeks and storage is rapidly filling. Already, the country has begun curbing production, according to a senior Iranian official.
Even once the Strait of Hormuz reopens, it will take months for oil and gas flows to get back to normal, Exxon and Chevron warn.
