“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

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4.8 • 1.7K Ratings

🗓️ 11 March 2026

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Oil prices surge as tensions around the Strait of Hormuz threaten global energy supply. The PBD Podcast panel breaks down Iran’s drone strike on a tanker, the strategic island controlling 90% of its oil exports, and why the conflict could push gas prices sharply higher worldwide.

Transcript

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0:00.0	Could AI help you do more of what you love?
0:03.1	Workday is the next-gen ERP powered by AI that actually knows your business.
0:08.4	We help you handle the have-to-dos so you can focus on the can't-wait-to-dos.
0:13.1	It's a new workday.
0:15.1	Straight-up hormones.
0:15.9	By the way, gas prices.
0:16.9	Rob, if you want to go to oil prices, the one that Tom sent early this morning.
0:22.2	Here's what it's looking like, the latest.
0:24.7	Five days, oil prices, crude oil prices are up 45%, 45%.
0:29.7	One month, 60%.
0:32.3	Where is it right now, Rob?
0:33.7	If you can go look up prices right now, what are prices looking like right now?
0:38.9	Crude oil, if we can look up a...
0:40.7	West Texas Intermediate, 9750, just under 100.
0:44.6	Okay, 9750, 998 is where we are.
0:48.5	And by the way, this is all caused because of Strait of Hormuz, and it leads to this story.
0:53.9	Dron strike torches, oil tanker in Strait of Hormuz as Iran's blockade,
0:59.7	halts global shipping.
1:02.6	And, you know, some are saying it could get higher, much higher, the numbers.
1:08.3	Let me read this to you.
1:10.7	A commercial oil tanker was set ablaze in the state of Hormuz after what struck by an Iranian suicide drone.
1:16.7	The country's Islamic Revolutionary Guard Corps set Saturday with a U.S. Navy mission to safeguard ships through the region, possibly still weeks away.
	...

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