Oil prices have risen to over $119 a barrel but have come back down due to the Strait of Hormuz blockade and NATO’s pledge to help. Tim Doescher, Executive Director of Unleash Prosperity, joins NTD to discuss the situation. He agrees the market is reacting to supply and demand first, but also speculative panic. While Operation Epic Fury is geared towards preventing Iran from gaining nuclear power, it is also addressing their monopoly on global oil flow. Doescher said that this is a significant move against the United States’ biggest adversary—the Chinese Communist Party (CCP).
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