From VICE News.

The Strait of Hormuz is effectively closed, and energy expert Amos Hochstein is calling this the single greatest energy crisis in global history bigger than the 1973 OPEC embargo. With roughly 10 million barrels of oil per day missing from global markets, prices have surged from $60 to nearly $100 a barrel, gas is climbing toward $4 a gallon, and major producers like Kuwait, Iraq, and Qatar have already slashed production. According to Hochstein, if the Strait remains closed for just 10 more days, the economic damage could become permanent and very difficult to reverse.

The ripple effects are already being felt everywhere food prices, shipping, airline tickets, and everyday goods are all taking a hit. Meanwhile, Republican senators are privately warning the White House that if this continues, they risk losing both the House and the Senate. Hochstein breaks down the best case, worst case, and most likely scenario for how this war ends and what it means for everyday Americans already feeling the squeeze at the pump and the grocery store.

The conversation also goes beyond oil, connecting the dots between energy, AI, and the new geopolitical battleground. The real competition isn’t just over oil fields and shipping lanes anymore it’s over data centers, chips, and who controls the future of artificial intelligence. With China closing the gap fast, the stakes for America’s global dominance have never been higher.

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Chapters
00:00 Strait of Hormuz Is Closed
02:44 Biggest Energy Crisis In History
05:00 Oil Production Cuts
08:46 Iran vs Venezuela
13:14 Economic Fallout
21:24 AI & Energy Connection
30:19 AI The New Geopolitical Battlefield
36:08 Best Case vs Worst Case Scenario
44:53 Two Voices In Trump’s Ear
46:49 Putin The Real Winner
51:20 Iran & Nuclear Weapons
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Oil, War, and Global Power ft. Amos Hochstein | Shane Smith Has Questions
https://www.youtube.com/@VICENews