If you look at the power of Iran and the Strait of Hormuz and the leverage they have for what A fifth of the oil that goes to address that leverage [in the Strait of Hormuz]. I think is only appropriate. And so I think this is going to be short lived for the President. And I think we're going to see a recovery in the energy markets. (01:33–01:38)
CLAIM
Asserts that a fifth of the world's oil passes through 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.
