‘WORLD ECONOMY HOSTAGE’: Strait of Hormuz assaults escalate, cargo ships hit

U.S. Interior Secretary Doug Burgum discusses rising oil costs after an assault on three cargo ships off Iran’s coast on ‘Varney & Co.’ #foxbusiness #varneyandco

00:00 Introduction & Iran’s Threat to Global Shipping

00:29 President Trump’s Swift Action on the Strait of Hormuz

01:56 Oil Market Volatility & IEA Strategic Reserve Release

02:54 America First Refining: First New US Refinery in 50 Years

03:11 Trump’s Energy Dominance Agenda & Lower Prices

04:01 "Trump Speed" for Peace Abroad, Prosperity at Home

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