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Number one is Iran's commander threatens to set fire to ships crossing straight of Hormuz.

Okay.

So what are they talking about here and how much of an impact will this have on the economy?

As Iranian commander threatened, and Iranian commander threatened Monday, Rob, do you have a clip of this?

I do.

It's in Farsi, just so you know.

But does it show translation in English or no? I don't believe so. Okay, then, Rob, unless if you're going to translate it to us, we can't go to it, Rob. So I appreciate your effort. Threaten Monday to attack any ship crossing the Strait of Hormuzon, a move that could choke, about a fifth of global oil supplies that will send oil prices soaring.

The Strait of Hormuz is closed.

If anyone tries to pass, the heroes of the Revolutionary Guard and the regular Navy will set those ships ablaze.

Ibrahim Jabari, a senior advisor, the Guards Commander commander-in-chief said in remarks carried by state media.

The waterway is the world's most important oil route connecting the Gulf.

Biggest oil producers like Saudi Arabia, Iraq, Iran, Qatar, UAE.

One of one way for Iran to block it is to lay minds, but there hasn't been any such moves

so far. The reason why this matters so much is because of one country, which we're going to

get to. China's, the biggest buyer of crude oil from Iran, 80 to 90 percent of it, if they shut down straight of Hormuz,

this is 20 million barrels a day, 1.2, 1.3 billion dollars a day, 20% of the world's oil supply.

Jeff, how concerned are you about this or is this just a bunch of tough talk?

No, there's definitely a reason to be concerned but you got to realize this is

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