American Petroleum Institute CEO Mike Sommers joins ‘Varney & Co.’ to warn that a global oil shortfall and disruptions in the Strait of Hormuz could drive gas prices higher just as peak summer demand begins.
0:00 Scott Bessent: The Path to $3 Gas
0:43 Mike Sommers on the Strait of Hormuz Blockade
1:47 Peak Demand: The Memorial Day Supply Risk
2:32 Iran’s Covert Shadow Fleet and Offshore Networks
3:10 Is the U.S. Blockade Working?
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