The economy has a Strait of Hormuz deadline for Trump: Two weeks
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Corporate executives are not panicking over a short-term increase in oil prices and Strait of Hormuz closure, but patience may wear thin in a matter of weeks.
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To learn more about the CNBC CFO Council, visit cnbccouncils.com/cfo The Bottom Line The economy has a Strait of Hormuz deadline for Trump: Two weeks Published Sun, Mar 22 2026 11:48 AM EDT Updated 10 Min Ago Eric Rosenbaum @erprose WATCH LIVE Key Points Corporate executives on a recent CNBC CFO Council call expressed concern about the risk of a sustained rise in oil prices if the Strait of Hormuz closure is not soon resolved. President Trump issued a deadline for Iran to reopen the strait over the weekend, and the military has intensified attacks related to the closure, but the C-suite has set its own deadline for a reopening: about two weeks. Oil and energy market expert John Kilduff of Again Capital told CFOs on the call that traders see the situation in much the same way: a roughly two-week deadline for a resolution before oil prices spike even more sharply. In this article UAL @CL.1 @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT An Islamic Revolutionary Guard Corps speed boat sailing along the Persian Gulf near a cargo vessel. Nurphoto | Nurphoto | Getty Images 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. This forecast, he said, may not come to pass, but the airline CEO added that there is every reason to at least start planning for it as a potential reality. Corporate executives have become accustomed in recent years to a world in which it is one new form of uncertainty after another. But the potential ramifications of the U.S.-Iran war, for which President Donald Trump has continued to offer uncertain timelines for ending, has the market and many inside the C-suite on edge. The Nasdaq entered a correction on Friday, a fourth co...
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