“Trump May Seize Hormuz” - Iran's Strait Of Hormuz SHOWDOWN Sends Oil Markets Into CHAOS

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4.8 • 1.7K Ratings

🗓️ 12 March 2026

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Anthony Scaramucci joins the PBD Podcast to break down the oil market chaos after Trump floated taking control of the Strait of Hormuz. The panel debates volatility, Middle East strategy, Iran tensions, and whether oil prices will crash back to normal once the geopolitical uncertainty settles.

Transcript

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0:00.0	Could AI help you do more of what you love?
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0:08.3	We help you handle the have-to-dos so you can focus on the can't-wait-to-dos.
0:13.2	It's a new workday.
0:15.2	Oil prices decline after hitting nearly $120, as Trump says, U.S. considering taking over straight-of-hormoos.
0:25.6	Rob, I think you got a video on this one.
0:27.0	If you want to pull it up, I'll read it, and then we'll get right into the story.
0:32.1	So oil prices fell Monday in extended trading after President Trump said he was considering season control straight
0:38.6	of her moves the most important choke point in the world for crude market. The crude oil was down
0:44.9	6.19% to 85.27. And Trump told CBS News in a phone conversation that ships are moving
0:52.6	through straight.
0:54.7	The president said he's thinking about taking it over.
0:57.3	He also indicated he thought the war would be soon.
1:00.3	The moment he said that, people reacted.
1:02.6	Rob, is this the clip?
1:03.7	This is Fox News.
1:04.9	Yes, sir.
1:05.3	Do you have the numbers?
1:06.5	Can we see what oil prices are right now?
1:08.7	As of literally right now where prices of oil are.
1:11.9	Tom, have you looked at it this morning?
1:14.0	It's US, US, WTI, West Texas Intermediate, which usually runs about $2 to $3, less than Brent crude.
	...

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