US energy exports rise as blockade shifts global supply

President Donald Trump declares the U.S. will not let Iran blackmail the world amid the blockade of Iranian ports in the Strait of Hormuz. Economic advisor Mohamed El-Erian discusses the geopolitical leverage this provides for U.S. oil exports.

President Donald Trump declares the US will not allow Iran to blackmail the world as the US enforces a critical blockade of Iranian ports in the Strait of Hormuz. Markets show initial calm with no immediate Iranian reaction. Economic advisor Mohamed El-Erian discusses the geopolitical leverage this provides for U.S. oil exports.