00:00American drivers are about to feel the Strait of Hormuz crisis at the pump.
00:04Oil prices are hovering near $73 a barrel today, and analysts warn that is just the beginning.
00:10Here is the calculation every American needs to understand.
00:14Before the U.S.-Iran war, 20 million barrels of oil passed through the Strait of Hormuz every single day,
00:21roughly 20% of the entire world's supply.
00:24Right now, that corridor is running at 50% capacity under Iranian control.
00:30The U.S. reimposed sanctions on Iranian oil exports just weeks ago.
00:34And last night, Iran fired 10 ballistic missiles at a U.S. military base in Jordan.
00:39Every time those military exchanges escalate, energy traders push crude higher.
00:44The American Automobile Association says the national average pump price is $3.49 today.
00:50Their analysts warn it could spike toward $4 within two weeks if Hormuz disruptions continue.
00:56Three states, California, Washington, and Hawaii, could see prices above $5 per gallon.
01:05The crisis has a direct price tag for every American who drives to work.
01:08The crisis has a direct price tag.
01:09The crisis has a direct price tag for every American kelp of thin
01:09and the public services does not want to work.
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