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The Fox News Rundown

Business Rundown: Strait of Hormuz Uncertainty Tests Markets

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.41.7K Ratings

🗓️ 20 April 2026

⏱️ 11 minutes

🧾️ Download transcript

Summary

The ceasefire between the United States and Iran is set to expire soon, and oil prices climbed following Tehran’s escalated tensions in the Strait of Hormuz this weekend. Kenny Polcari, a partner and chief market strategist at Slatestone Wealth LLC, joins FOX News Contributor Lou Basenese to discuss the market’s resilience to geopolitical headlines, the outlook for big tech earnings, and how a potential change in Federal Reserve leadership could impact interest rates. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:03.3

Rundown. Monday, April 20th, 2026.

1:11.5

Oil price is on the rise yet again as the standoff in the Strader Hermuz continues.

1:15.6

We're going to try to look through this geopolitical stuff until something happens that significantly changes the story.

1:22.8

The ceasefire between the United States and Iran is hanging in the balance as tomorrow evening's expiration

1:28.0

nears. Tehran has effectively closed the Strait of Hamouz blocking off the crucial passageway

1:33.3

for one-fifth of the world's oil. President Trump on Sunday saying that the U.S. had seized an Iranian

1:39.1

flag cargo ship that tried to circumvent the naval blockade, which Iran's joint military command called

1:44.5

an act of piracy. The conflict has the market swinging wildly in response to the developments,

...

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