From MS NOW.

With the closure of the Strait of Hormuz cutting off roughly one-fifth of the world’s oil supply, prices are topping $100 per barrel. The global oil shock is prompting a surge in electric vehicle demand. China produces more than 70% of the world’s electric vehicles, causing them to benefit from this conflict. Katy Tur explains more on who is really winning from the blockade.

MS NOW: My Source for News, Opinion, and the World.

» Subscribe to MS NOW: https://www.youtube.com/@msnow

» Subscribe to MS NOW’s We the People Newsletter for exclusive content from your favorite MS NOW anchors. Sign up now for free at https://ms.now/joinus

MS NOW is the go-to destination for domestic and international breaking news, and best-in-class opinion journalism. For more context and news coverage of the most important stories of our day click here: https://www.ms.now/

#trump #politics #china