Oil executive details impact of Strait of Hormuz conflict on US gas prices

Tim Stewart, president of the U.S. Oil and Gas Association, discusses the Strait of Hormuz conflict between the U.S. and Iran and its impact on gas prices and world energy markets.

Tim Stewart, president of the U.S. Oil and Gas Association, analyzes the Strait of Hormuz dispute and its impact on US gas prices. He projects a 2-3 week delay for prices to fall and discusses Europe's limited jet fuel supply. Stewart emphasizes the United States' refining capacity, highlighting its resilience against global supply disruptions, despite current high prices.