Oil market eyes Trump's Strait of Hormuz aid plan
We are watching as tensions over the Strait of Hormuz continue to send oil prices climbing. This comes as President Donald Trump announces a plan to help ships that are stranded inside the vital waterway in the Persian Gulf. Last week, Energy Secretary Chris Wright did not show too much optimism when asked if gasoline prices in the U.S. will return to the $3 per gallon level anytime soon. LiveNOW’s Shawna Khalafi is speaking with independent oil analyst and keynote speaker Tom Kloza as the oil market is set to react to Trump’s new plan.
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