If US produces a lot oil, why does the Strait of Hormuz matter?

Days into the struggle on Iran, oil tankers have been bottlenecked within the Strait of Hormuz, sending up oil costs and threatening the worldwide financial system.

CNN’s Gianna Toboni explains what this implies for Americans – on the pump and past.

0:00 Tanker visitors within the Strait of Hormuz has successfully stopped
0:39 If America has its personal oil, why are costs going up?
2:38 How dangerous may this get?
3:57 "It’s like a huge sudden tax increase"
5:20 What ought to President Trump do?

Watch extra information explainers on the CNN app: https://cnn.it/4qA8ez3

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