Ed Kalegi
👤 SpeakerAppearances Over Time
Podcast Appearances
remember when i gave iran 10 days to make a deal or open up the hormuz strait time is running out 48 hours before all hell will rain down on them glory be to god president trump has not discussed the search for a missing u.s airman but did tell nbc the operation would not affect ongoing negotiations to end the war with iran bloomberg's jamie tarabay weighs in the sort of the terrain and where this uh
Bloomberg's Jamie Tarabay on Bloomberg this weekend.
Traffic through the vital Strait of Hormuz has begun picking up in the past week, with a seven-day rolling average for transits on Friday reaching the highest since the war started.
More vessels are crossing, including those with no clear links to Iran or China, as nations negotiate with Tehran to get their ships through.
Transits over the past day were led by liquefied petroleum gas carriers, including one headed to India and others with Iranian affiliations.
The war in Iran isn't just affecting the price of oil.
The price of helium is also soaring, with helium spot prices double since Qatar, which produces more than a third of the world's supply, shut down the world's largest liquefied natural gas facility.
Cliff Cain is president of Pulsar Helium.
33% of the world's supply of helium is gone.
And we've had shortages over the past 20 years with the demand of semiconductors going up for many applications.
You know, everything from our national defense to your cell phones that are in your hands, right?
And we don't have ramp-up capacity just to make helium.
Pulsar Helium President Cliff Cain on Bloomberg this weekend.
Helium's not just used for party balloons, it's a critical component in everything from medical services and defense production to the creation of semiconductors as a cooling agent.
The U.S.
could help reboot peace talks between Ukraine and Russia soon.
Bloomberg's Monica Ricks reports.
Easter candy sales are down 5% this year, mostly due to higher chocolate prices.
Diana Rosero-Pena is a consumer equity research analyst for Bloomberg Intelligence.
Bloomberg analyst Diana Rosero-Pena on Bloomberg this weekend.