Will Trump’s Hormuz Assurances Work?

The Street of Homers handles about a quarter of the world's seaborn oil trade and about a fifth of the world's supply of LG. Now the USI is really strikes on Iran have effectively paralyzed [music] it. Almost no ships are entering or exiting the street.This means higher oil and gas prices which will only push up inflation. To save off a potential energy crisis, President Donald Trump pledged [music] this. Get the US Navy to escort the ships through the waterway and insure them at a very reasonable price.But ...