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Laura Coates Live

Iran War Disrupts Global Oil Supply, Threatens Economy

Laura Coates Live

CNN

News

3.92.5K Ratings

🗓️ 11 March 2026

⏱️ 45 minutes

🧾️ Download transcript

Summary

The war with Iran is turning into what is now being described as Death Valley, not on land but at sea.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

The focus of the war with Iran is turning to what's now being described as Death Valley,

0:07.0

but not on land, I'm talking about it.

0:10.0

The Strait of Hormuz, a narrow stretch of water where a huge chunk of the world's oil is supposed to go through.

0:18.0

Right now is not.

0:20.0

And tonight on day 11 of this war, the Pentagon released this

0:23.5

video, saying it shows U.S. forces eliminating Iranian naval vessels, including 16 mine layers

0:31.5

in the strait. It was posted shortly after President Trump's new threat to Iran. He wrote,

0:36.9

if for any reason, minds were placed

0:39.5

and they are not removed forthwith, the military consequences to Iran will be at a level never

0:45.7

seen before. Now, this isn't a hypothetical. The sources tell us that Iran has already begun

0:53.1

laying mines and they can cause serious damage.

0:57.0

Take a look at this. It's the shredded hole of the USS Samuel B. Roberts, hit by an Iranian mine in 1988.

1:06.0

It blew a 20-foot hole and started a major fire, costing $90 million to repair. Now, imagine that

1:14.8

kind of destruction to a tanker carrying two million barrels of oil, not a Navy frigate built for

1:22.3

combat. Imagine what this does to Trump's plan for a shorter conflict.

1:29.1

Because the trade of Hermuz is the world's most important energy choke point.

1:33.9

About 20% of all crude oil goes through it.

1:37.7

It's been effectively closed since the start of the war,

1:40.7

after Iran threatened to attack any ship passing through.

1:44.9

So you can see why Trump is telling Iran stay out of the strait or else.

1:50.7

He's even floated the idea of the U.S. Navy escorting oil tankers, because if Iranian forces

1:56.9

cause prolonged havoc there and keep it shut down, it would have catastrophic consequences

...

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