We've seen major operations this year in our Southern hemisphere. And of course, this budget drops as the President has taken our nation to war in Iran, which has not yet been authorized by Congress. The closure of the Strait of Hormuz has made energy prices go up globally. and it's increased the cost of living. Everything from what my farmers are paying for fertilizer to the fuel that they're putting in their tractors as they go out to the field, let alone what everyday Americans are doing gassing up. (16:20–16:27)
CLAIM
Asserts that the closure of the Strait of Hormuz has increased global energy prices.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
