Why This Oil Price Shift May Not Reverse Even If Hormuz Opens | Skip York

For decades, closing the Strait of Hormuz was treated as a theoretical risk. It has now been realized, and the mechanism was not a military blockade but the collapse of shipping insurance that stranded vessels on both sides. Skip York, nonresident fellow at the Baker Institute Center for Energy Studies, walks through what that distinction means for crude oil, petroleum products, and LNG separately, and what has to happen—in sequence—before supply can normalize. His read on where oil prices land when the conflict ends may not match what most people are expecting.

Views expressed in this video are the opinions of the host and guests and do not necessarily reflect the views of The Epoch Times.