Jake Auchincloss: “20% of the world's oil transit through [the Strait of…”

“He has given them a new strategic deterrent in the Strait of Hormuz. The Strait of Hormuz is this narrow transit way that Iran is adjacent to and 20% of the world's oil transit through [the Strait of Hormuz]. it. And there's not really a good alternative. And what Iran has done in the last four weeks is they've laid mines and drones throughout that strait, and they're able to toll it and to deny passage to countries.” (04:13–04:16)

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