We've got the Strait of Hormuz is barely, barely opening with very few ships going through. The price of oil is skyrocketing and this isn't going to end quickly. This is going to have economic profound effects for a very long time and it'll take a long time to get back on track, especially if this war continues and continues to escalate. (07:41–07:46)
CLAIM
Asserts that oil prices are rising sharply and will not stabilize soon.
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