The Fox News Rundown Business Rundown: Markets on Edge Over Strait of Hormuz
Apr 13, 2026
Mike Murphy, Founder and CEO of Rosecliff and longtime investor, breaks down markets and geopolitics. He discusses the market shock from the Strait of Hormuz blockade and oil price spikes. He explores AI-driven investment booms and massive private-market valuations. He also talks about startups migrating from California to Texas and Miami.
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Blockade Sent Oil Above One Hundred Dollars
- Global oil prices jumped above $100 per barrel after President Trump ordered a U.S. military blockade of the Strait of Hormuz which tightened supply.
- Mike Murphy says markets are reacting short term but expects prices to normalize once the conflict ends quickly, citing Vance's failed Iran negotiations.
Markets Looking Past Geopolitical Shock
- Despite geopolitical risk, the broader market is only about 3% off all-time highs, suggesting investors are looking past Iran.
- Murphy argues that confidence in leadership and expectation of a short conflict are supporting market resilience.
Back AI Infrastructure Winners Now
- Invest in U.S.-based companies positioned to benefit from AI infrastructure growth, like chip makers and data center suppliers.
- Murphy highlights NVIDIA's wealth creation and the downstream jobs (construction, plumbing) needed to support new data centers as concrete investment themes.