Flows of oil and natural gas through the straits have already returned to normal and they will continue that way. Whatever happens with the negotiations with the Iranians, We've got growing American production, surging production in Venezuela. We've got cooperation with all the other energy producers of the world. So I think Americans can expect continued declines in energy prices. But let me the other question is what happens if it falls apart. (02:31–02:36)
CLAIM
Asserts that American and Venezuelan energy production is increasing.
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