Iran threatens retaliation as the US Strait of Hormuz blockade takes hold

Fox News correspondent Matt Finn reports on the U.S. blockade of the Strait of Hormuz driving oil prices towards $100 a barrel. FOX Business' Charles Payne discusses economic impacts, potential future price drops and current high gas costs.

Charles Payne, host of 'Making Money,' analyzes the economic impact of the U.S. blockade on the Strait of Hormuz, driving oil prices near $100. He forecasts a short-term spike, with prices stabilizing around $72 a barrel and gas at $3.10 per gallon by year-end, noting unsustainable economic damage to Iran. Payne also discusses natural gas and the burgeoning space industry's potential.