WorldBrouillette: Strait Control Is Iran’s ‘Nuclear Weapon’

Former US Energy Secretary Dan Brouillette says Iran’s ability to control shipping through the Strait of Hormuz gives Tehran significant leverage. He characterizes control of the waterway as “in fact, a nuclear weapon.” Brouillette says traffic remains below normal levels despite President Donald Trump’s claim that the strait is open. He warns that a prolonged disruption could raise the floor for oil prices by adding a risk premium.