00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. crude oil traded near $90 per barrel on Tuesday after Trump commented on the war
00:07in the Middle East and oil flows through the Strait of Hormuz, according to CNBC.
00:12U.S. crude fell 4.75% to $90.27 per barrel, and Brent crude dropped 5.72% to
00:20$93.30
00:22after prices surged above $100 Monday.
00:25Saudi Aramco CEO Amin Nasser warned the war threatens catastrophic consequences for global
00:31oil markets.
00:32He said the conflict has created a severe chain reaction affecting aviation, agriculture,
00:37automotive, and other industries.
00:40Trump said the conflict with Iran could end soon and warned Iran would be hit 20 times
00:44harder if it halted oil shipments through the Strait of Hormuz.
00:48The Strait of Hormuz carried roughly 13 million barrels of oil in 2025, accounting for about
00:5331% of global seaborne oil flows.
00:56For all things money, visit Benzinga.com.
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