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The Real Strait of Hormuz Problem Is Deeper Than It Seems - William Spaniel
Global oil prices have surged in the last few days before returning to merely elevated levels. Today, we explore what happened there in the context of a strategic rift forming between the United States and Israel. The problem is not just Iran shutting down the Strait of Hormuz. It is also expectations of when the Strait will reopen. That depends on Iran's ability to produce crude, which Israel appears primed to disrupt.
0:00 Hormuz and the U.S.-Israeli Relationship
1:00 Strait of Hormuz Situation Report
4:43 Israeli Strikes Iran's Oil Infrastructure
7:09 Why Oil Prices Spiked
8:40 Can the U.S. Mitigate the Damage?
11:53 Managing the U.S. Alliance with Israel