Fears of shipping disruptions grow for oil industry

President Donald Trump asserted on Monday that his military campaign against Iran has led to a significant decrease in the nation’s missile and drone launches in the Middle East. This comes as ongoing conflict with Iran has sent global oil prices skyrocketing past $100 a barrel as the regime's stranglehold on the Strait of Hormuz has all but stopped tankers from using the shipping lane. Trump was asked about the economic importance of the Strait of Hormuz during remarks made in Florida. LiveNOW’s Andy Mac is learning more about the future of the oil market with James Bikales, an energy reporter with POLITICO.