Name: Oil Market Chaos | Trump: Expensive Gas Is "A Small Price To Pay" | D.C. Hot Rods
Uploaded: 2026-03-16T16:55:37.000Z
Duration: 11 min 59 s
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It is day 12 of Trump's not A War with Iran.

And all attention is on one of the world's most important shipping lanes, the Strait of Hormuz.

Which brings us to the latest edition of Hormuz News you can use.

Now, if you were paying attention in 8th grade geography, first of all, nerd second, you would know the Strait of Hormuz is this narrow body of water in the Persian Gulf through which 20% of the world's oil travels.

So a direct threat to the world economy that Iran has begun laying mines in the Strait of Hormuz.

That's going to truly make it a dire strait.

No one knows exactly how many mines Iran has, but

estimates say their stock ranges from 2,000 to 6,000 naval mines.

But experts say shipping traffic can stop almost immediately once a single tanker has hit a mine or even if insurers just believe that the threat is credible.

Insurers don't want to get caught up in all that.

They have to focus on their core business of adding characters to the extended flow universe.

If you thought it was just mines, you're wrong, Luz.

Iran has also covered the strait with shore based missiles and explosive laden boats.

And since the fighting began, 10 vessels have been attacked and last night, three more.

The Strait of Hormuz is now the most unsafe place to be on a boat, narrowly surpassing with your recently divorced uncle.

Earlier this week, Iran said that until the United States and Israel end their attacks, it will not allow even one liter of oil to leave the region.

Okay, but liters are meaningless to Americans.

We need in our system of measurement, like gallon or gulp.

All of this is causing complete chaos in the oil market.

So yesterday, to reassure all that nervous money out there, we heard from Secretary of Energy and man telling a crab to put down the kitchen knife.

Wright posted on social media saying the U.S.

navy successfully escorted an oil tanker through the Strait of Hormuz to ensure oil remains flowing to global markets.

But the message vanished within minutes because turns out that never happened.

But not before Wall street went all bonkers.

Believing things are going to be okay with futures for oil, diesel and gasoline sliding and stocks jumping up.

But then when the tweet was deleted, investors were left struggling and there's already too much drama in the life of an investor.

This cocaine's not hitting like it used to.

This is now hitting Americans at the gas pump.

Before the war, the average price was two $2.98 a gallon.

Looks like we might have to downgrade some of our summer travel plans.

I'm going to whip you around for a while while grandma sings Hakuna Matata.

Trump is scrambling to minimize the political damage, posting earlier this week short term oil prices which will drop rapidly when the destruction of the Iran nuclear is a very small price to pay for USA and world safety and peace.

Somehow, somehow, Somehow, President businessman didn't see all this coming.

Reportedly, this weekend's oil price spike caught White House staffers off guard.

It absolutely surprised the administration.

You were surprised that bombing the place the oil comes from makes the oil cost more?

I thought burning down the Ann Taylor loft would lead to more sensible workplace separates.

Trump went to Ohio today to sort of sell his war.

And while he was there touring a factory, Fox News Peter Doocy asked this.

You just said it is a little excursion and you said it is a war.

It's an excursion that will keep us out of a war.

For us, it's turned out to be easier than we thought.

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Oil Market Chaos | Trump: Expensive Gas Is "A Small Price To Pay" | D.C. Hot Rods

insane

remain

attention

threat