Iran is fully exerting its leverage over the Straits of Hormuz, sending oil prices surging across the globe. Brent crude is once again above $100 a barrel right now. Gas is $3.70 at the pump. Oil executives told the White House last week no matter what happens next, prices are likely to rise even higher in the weeks ahead. (05:29–05:33)
CLAIM
Asserts that the current gas price is $3.70 per gallon.
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.
