Ben Ferguson: “There is so much oil that's been backed up waiting to get…”

“Number two, if and when we reach a good resolution in the Middle east with Iran, I think we will see the long term trend of gas prices go down and go down significantly. But the reason why There is so much oil that's been backed up waiting to get out of countries in the Middle East because of the Strait of Hormuz. and the issues there. So traders I've talked to, they said they expect a total crater or once there's a deal, and safety and security and they can get back …” (18:34–18:41)

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