Trump orders release of 172M barrels of oil from strategic reserve amid Iran war

Phil Flynn, oil trader and FOX Business contributor, joins 'Fox & Friends First' to discuss economic impacts of Iran's threat to close the Strait of Hormuz.

Phil Flynn, a FOX Business Network contributor, discusses President Trump's order to release 172 million barrels of oil from the strategic reserve amid escalating Mideast turmoil. He analyzes the economic impacts of Iran's threat to close the Strait of Hormuz, the potential for a 'flood of oil' after conflicts and the lifting of Russian oil sanctions.