Oil prices surge as Iran conflict escalates amid Strait of Hormuz blockades

Kevin Book, managing director of ClearView Energy Partners, discusses the escalating conflict with Iran and its impact on global oil prices.

Kevin Book, managing director of ClearView Energy Partners, explains how the escalating conflict with Iran is driving global oil prices past $100 a barrel. He discusses the attempted closure of the Strait of Hormuz, a critical waterway, and potential military support from various nations to keep it open. Book also highlights the impact of releasing 400 million barrels from strategic reserves and the long-term challenges in restoring oil infrastructure.