World Economy

President Donald Trump said Friday that if Iran were to block the Strait of Hormuz, “it’s not going to be closed for long,” but he did not elaborate on whether the United States had an obligation to keep open the international shipping gateway, which is critical to the oil industry.

Oil prices climb after two oil tankers were attacked in the Gulf of Oman and the Trump administration says Iran is to blame. Hadley Gamble reports from the United Arab Emirates.

How will the attacks on the Gulf of Oman and any possible future attacks affect the price of oil and the global economy? We speak with Kyle Cooper, an analyst Ion Energy, with his assessment.

President Donald Trump on Wednesday said he is still considering using sanctions to block a controversial pipeline that would increase natural gas flows from Russia to Germany.

Both the Chinese and Russian presidents presented an unified economic front during their latest meeting in St. Petersburg, Russia. Geoff Cutmore is in Russia for us and has more.

While Wall Street is focusing their attention on the ongoing U.S.-China trade talks, there are other geopolitical hot spots that could cause a significant financial impact. Chris Konstantinos, a chief investment strategist at Riverfront Investment Group, join us on the show with his analysis.

Hadley Gamble takes us on a tour of the “new” capital city, which is under development and expected to be roughly the size of Singapore.

China will likely enact its own duties that would hurt U.S. exporters, now that Trump has announced tariffs on steel and aluminum imports, analysts said.

Some manufacturers are taking a second look at the U.S. as China gets more expensive — and many of them are Chinese.

This weekend, hordes of foreign diplomats and business leaders are expected to descend on Beijing for a meeting on the “One Belt, One Road” policy.

Brazil’s economy has fallen further into its worst ever recession, contracting by 3.6 percent in 2016.

Australia, South Korea and Vietnam are looking to improve their ties with China as U.S. tensions with Beijing appear set to rise under President Trump.

“We will also immediately stop the job-killing Trans-Pacific Partnership.” Donald Trump’s victory leaves the fate of the TPP up in the air.