00:00What if one narrow waterway could make your gas prices explode overnight?
00:04Right now, the ceasefire between the U.S. and Iran is hanging by a thread.
00:08And if it snaps, millions of Americans will feel it instantly.
00:12Talks in Islamabad have stalled.
00:14Both sides are locked in a deadlock over Iran's nuclear program,
00:19control of the Strait of Hormuz, and decades of sanctions.
00:23Here is why it matters.
00:25The Strait of Hormuz is the most critical oil choke point on Earth.
00:30Nearly 20% of the world's oil flows through this tiny 21-mile passage every single day.
00:36If negotiations collapse and Iran moves to control it,
00:40energy experts warn oil prices could skyrocket past $150 a barrel.
00:45That would push U.S. gas prices above $5 a gallon nationwide.
00:50And even higher in some states.
00:52Analysts say a deal is now unlikely, unless both sides completely change course.
00:57Iran wants sanctions gone.
01:00And control recognized.
01:01The U.S. demands a full shutdown of Iran's nuclear program.
01:05And the clock is ticking.
01:07If this breaks, the shock could hit your wallet faster than anyone expects.
01:11The U.S. costs rest, then, to talk to us about the power of the system.
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