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Home/News/Business
Business
Aug 15, 2026, 1:26 AM·4 views

Oil Producers, Buyers Looking at Long-Term Alternatives to Hormuz, Says Clara Gillispie

Clara Gillispie, senior fellow for climate and energy at the Council on Foreign Relations, said that both oil producers and buyers are now considering the possibility that the Strait of Hormuz will remain closed or…

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Business

Clara Gillispie, senior fellow for climate and energy at the Council on Foreign Relations, said that both oil producers and buyers are now considering the possibility that the Strait.

Clara Gillispie, senior fellow for climate and energy at the Council on Foreign Relations, said that both oil producers and buyers are now considering the possibility that the Strait of Hormuz will remain closed or operating at a reduced capacity a year in the future. Gillispie said that as countries look for workarounds to the Strait, they are looking both alternative routes and ways to decrease their insurance risk exposure. (Source: Bloomberg)

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BUSINESS20M AGO

AI Takes Center Court at the US Open

IBM and the US Open are expanding their use of AI to give fans real-time match insights, including personalized updates, an AI assistant and win probabilities that change after every point. IBM Senior Vice President…

BUSINESS30M AGO

Fed Faces High Stakes Test at Jackson Hole

Fed Chair Kevin Warsh heads into Jackson Hole under heightened scrutiny after the Treasury’s intervention in the bond market raised questions about the traditional boundaries between fiscal and monetary policy. Host of…

BUSINESS48M AGO

Rep. McCormick Warns Against Slowing AI Buildout

Representative Rich McCormick is on Bloomberg This Weekend with David Gura and Christina Ruffini and says the US should continue expanding data centers to support its leadership in artificial intelligence, arguing they…

BUSINESS1H AGO

Data Center Expansion Tests Voter Patience

The rapid expansion of AI data centers is becoming a political issue in Ohio as residents raise concerns about higher electricity bills, tax incentives and secrecy around local development deals. Representative Greg…

BUSINESS1H AGO

How Water Scarcity Is Changing the Economics of the Southwest

The Colorado River provides water to seven states, contributing to an estimated $1.4 trillion in annual economic activity. But decades of decline, record-low snowpack and shrinking reservoirs have pushed the system…

BUSINESS1H AGO

Canada Digs In as US Trade Fight Escalates

Joining Bloomberg This Weekend, Former Canadian Finance Minister Chrystia Freeland says Canada was right to walk away from a trade deal she argues would have harmed both countries, urging Ottawa not to back down and…

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BUSINESS20M AGO

AI Takes Center Court at the US Open

IBM and the US Open are expanding their use of AI to give fans real-time match insights, including personalized updates, an AI assistant and win probabilities that change after every point. IBM Senior Vice President…

BUSINESS30M AGO

Fed Faces High Stakes Test at Jackson Hole

Fed Chair Kevin Warsh heads into Jackson Hole under heightened scrutiny after the Treasury’s intervention in the bond market raised questions about the traditional boundaries between fiscal and monetary policy. Host of…

BUSINESS48M AGO

Rep. McCormick Warns Against Slowing AI Buildout

Representative Rich McCormick is on Bloomberg This Weekend with David Gura and Christina Ruffini and says the US should continue expanding data centers to support its leadership in artificial intelligence, arguing they…

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