E2231: War With Iran Strangles World’s Most Vital Oil Route 3/11

Shipping through the Strait of Hormuz has slowed to a near standstill as the U.S.–Iran war intensifies. Tanker traffic has dropped dramatically after missile and drone attacks on vessels and warnings from Iran’s Revolutionary Guard. More than 150 ships are now waiting outside the waterway, while insurers and shipping firms suspend operations due to the risk. The disruption threatens roughly 20% of the world’s oil supply and has already pushed global energy prices sharply higher.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.Discover other shows on the Talk Red Podcast Network, and get your daily fix of news, sports, and entertainment at https://TalkRed.com.DISCLAIMER: Some elements of this podcast may include AI-generated content, such as cover thumbnail images, show descriptions and some background audio. Hosted on Acast. See acast.com/privacy for more information.