Right now there's not shipping, there are not ships going through the Straits of Hormuz until it is determined whether or not they have mined it. And to be clear, that's significant. People just don't understand how important that is. A significant amount of oil world supply goes through [the Strait of Hormuz]. there. Yeah. So right now that is shut down. By the way, right now, civilian air traffic is shut down throughout the Middle East. (41:27–41:32)
CLAIM
Asserts the importance of the Strait of Hormuz for global oil supply.
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