That's not just oil and gas. It's liquefied natural gas. It's things like fertilizer and other petrochemicals and then just other types of stuff that we're shipping back and forth. The oil companies are indeed reacting, as are the stock markets, to the closure of this key choke point [Strait of Hormuz]. Look, it is always possible that these companies are taking advantage to gouge people, to charge people more, to make prices high and keep them high even as things even out. (00:59–01:07)
CLAIM
Asserts that oil companies and stock markets are responding to the closure of the Strait of Hormuz.
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.
