Business Rundown: Potential Iran Deal, The Next Fed Chair, and Mamdani’s “Luxury Tax” Plan

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.