Episode Details

President Trumps naval blockade of the Strait of Hormuz, following failed talks with Iran, is pushing global oil prices past one hundred dollars a barrel. This move, which started Monday, is expected to significantly increase gas prices in the U.S., currently at four dollars and thirteen cents a gallon, and potentially reach up to one hundred fifty dollars a barrel. The Strait of Hormuz handles twenty percent of the worlds oil shipments, making it a crucial chokepoint. Analysts warn of a looming fuel surge, just before elections, which could stir up voter frustration over Middle East tensions.

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