Themos Fiotakis, Barlcays' FX strategy and emerging markets macro strategy global head, says markets have not fully priced in the implications of a possible closure of the Strait of Hormuz of more than a couple of weeks. "I don't think we're priced yet either in terms of commodity prices or in terms of the implications of higher commodity prices," he tells Bloomberg Television. Fiotakis also discusses inflation worries amid continuing conflict in the Middle East. (Source: Bloomberg)