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The Fox News Rundown

Business Rundown: Potential Iran Deal, The Next Fed Chair, and Mamdani's "Luxury Tax" Plan

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 27 April 2026

⏱️ 14 minutes

🧾️ Download transcript

Summary

The U.S. is weighing a potential deal to reopen the Strait of Hormuz, which could stabilize the global oil market—already shaky since the start of the conflict. Jonathan Hoenig, a managing member at Capitalist Pig Asset Management and a Fox Business Network contributor, joins FBN’s Taylor Riggs to break down what may come next for the energy market, why he’s positioning for higher interest rates, and a controversial proposal from New York City’s mayor. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:23.4

I'm Taylor Riggs and this is the Fox Business Rundown.

0:31.1

Monday, April 27, 2026.

0:34.9

Iran is reportedly offering to reopen the Strait of Hormuz if the United States

0:40.1

lifts the naval blockade there and ends the war. When could a deal be struck and will it

0:45.8

force oil prices to come down?

0:48.5

I believe that you go to war to win the war. So whatever it takes, I think, for President

0:52.8

Trump to actually bring the war to

0:54.8

win an end, not just bring the fighting to end, but bring a war to an end.

0:58.5

According to reports, Tehran is asking the United States to end the naval blockade in the

1:03.1

Strait of Hormuz and cease hostilities. In exchange for ending the chokehold on the

1:08.2

strait, it is a move that could stabilize global energy markets.

1:12.9

Meanwhile, backstate side, Kevin Warsh now has a clearer path to becoming the next Fed chair.

1:17.8

This after North Carolina Senator Tom Tillis said he would allow Senate confirmation to move forward.

1:24.6

And in New York City, Mayor Zoran Mumdani is not backing down after calling out Citadel

1:30.4

founder Ken Griffin for his lavish $238 million penthouse. In a video, he published, promoting a

1:38.1

proposal for a tax on luxury real estate. So will President Trump take up the Iranian regime's offer? How would a

1:45.9

war-sled Fed steer interest rates? And what does the potential fallout look like for billionaires

1:52.1

living in the Big Apple? The market's response has been unprecedented. Jonathan Honig is a

...

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