The PDB Situation Report | June 27th, 2026: Confidence Returning To The Strait Of Hormuz?

The President's Daily Brief

The First TV

Politics, News

4.7 • 3.2K Ratings

🗓️ 27 June 2026

⏱️ 64 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

In this episode of The PDB Situation Report: Oil tankers are returning to the Strait of Hormuz, and with them, confidence is slowly returning to global energy markets. Daniel Turner, Executive Director of Power The Future, joins us to discuss what the recovery means for oil prices, shipping, and the broader geopolitical picture. China is quietly surrounding Taiwan, transforming what were once temporary military exercises into a near-constant naval presence around the island. Steve Yates of the Heritage Foundation joins us to examine Beijing's long-term strategy and what it means for regional security. To listen to the show ad-free, become a premium member of The President’s Daily Brief by visiting ⁠https://PDBPremium.com⁠. Please remember to subscribe if you enjoyed this episode of The President's Daily Brief. YouTube: youtube.com/@presidentsdailybrief Fox One: Sign up at https://fox.com to watch The PDB show and more on-demand with FOX One. Acre Gold: Turn your pocket change into physical 24-karat gold and enter to win a limited-edition Hot Wheels gold bar at https://GetAcreGold.com/PDB Sundays for Dogs: Upgrade your dog’s food without the hassle—try Sundays for Dogs and get 50% off your first order at https://sundaysfordogs.com/PDB or use code PDB at checkout. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the PDB Situation Report.
0:10.0	I'm Mike Baker, your eyes and ears on the world stage.
0:13.0	All right, let's get briefed.
0:15.0	First up, oil tankers are returning to the Strait of Hormuz.
0:20.0	Well, haza. And with them, confidence is slowly returning to global energy markets.
0:25.6	Daniel Turner, executive director of Power the Future, joins us to discuss.
0:30.6	Later in the show, China is quietly surrounding Taiwan, uh-oh, turning what were once military drills into a near constant
0:39.7	naval presence around the island. We'll be joined by Steve Yates. You know him. He's a friend of the
0:45.7	show. He's also with the Heritage Foundation. We'll have more insight from Steve on what China's
0:51.5	intentions are. But first, today's situation report spotlight. For the first time
0:56.8	in weeks, oil tankers are beginning to flow back through the Strait of Guamu's, and the energy
1:02.1	markets are taking notice. Crude prices have fallen dramatically from their wartime highs,
1:07.6	shipping traffic is slowly recovering, and fears of a prolonged supply shock are
1:13.0	beginning to ease. But is the market reading this situation correctly? And what should consumers
1:19.0	and investors be watching as the world's most important energy choke point gradually comes back
1:24.7	to life? Well, joining us now is Daniel Turner, executive director of Power
1:29.0	of the Future. Daniel, thank you very much, Matt, for coming back on the PDB Situation Report.
1:33.7	Great to be back on with you. Thanks for having me back.
1:37.6	Absolutely. Listen, let's start from the very top. What do we got moving through the Strait of Hormuz at this point?
1:49.0	There's a lot of conflicting answers, but I tend to think that oil markets know a lot of things that we don't. It's why Adam Smith, if you go back a couple hundred years, why he marveled at markets and called them this invisible hand.
2:03.8	Oil right now, as we're talking, is just above $70 a barrel.
2:08.5	So even though I've seen reports saying there's been some aggressive activity from Iran, there have been ships turned back, markets are pretty comfortable that things are happening. So I'm
	...

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