Brouillette: Strait Control Is Iran's "Nuclear Weapon"
US Energy Secretary Dan Brouillette says Iran's ability to control traffic through the Strait of Hormuz gives Tehran powerful leverage, arguing that control of the
US Energy Secretary Dan Brouillette says Iran's ability to control traffic through the Strait of Hormuz gives Tehran powerful leverage, arguing that control of the waterway is "in fact, a nuclear weapon." Brouillette says ships are not moving through the Strait at normal levels despite President Donald Trump's assertion that it is open, and warns prolonged disruption could establish a higher floor for oil prices because of the added risk premium.
He speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power." More on Bloomberg Television and Markets Like this video? Subscribe and turn on
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