S&P Global chairman assesses the Strait of Hormuz blockade’s impact on global energy prices

S&P Global Vice Chairman Daniel Yergin discusses the impact of the Iran conflict on global energy markets and efforts to reopen the Strait of Hormuz on ‘Sunday Morning Futures.’

Daniel Yergin, S&P Global Vice Chairman, breaks down the severe economic consequences of the Iran conflict, focusing on the Strait of Hormuz blockade. Yergin explains how this vital waterway's effective closure has caused oil, gas, diesel, and fertilizer prices to spike globally. He highlights the impact on international shipping and discusses how Iran is "waging war on the world economy" by controlling this key choke point.