The war Donald Trump promised would be over quickly is now entering its third week, and no end is in sight. 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. (05:18–05:26)
CLAIM
Asserts that Iran's actions in the Straits of Hormuz are causing global oil price increases.
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.
