Oil trader Phil Flynn on global oil market stability amid Strait of Hormuz attacks

Oil trader Phil Flynn discusses how current geopolitical events, including Strait of Hormuz attacks, drive market fear. He analyzes the role of China and the potential for a price break.

Oil trader Phil Flynn, a FOX Business contributor, discusses the volatility in global oil markets following attacks in the Strait of Hormuz. Flynn states markets are driven by 'fear' and anticipates price breaks with U.S. military intervention. He highlights China's energy dependence and the impact of releasing 172 million barrels from the Strategic Petroleum Reserve on market stability.