… has done forever in modern day is if you threaten them, they will close down the Strait of Hormuz that is their big hostage. And why does that matter? Because 20% of the world's oil supply goes through [the Strait of Hormuz]. there. Now you're saying like, whoa, but we pump a lot of oil. We have Venezuela. Why is the prices still going high? Because 20% is still a lot. (01:14–01:18)
CLAIM
Asserts that 20% of the world's oil supply transits 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.
