Stocks pull back, oil spikes, as the Strait of Hormuz is shut down again

Frank Mottek is joined by oil analyst John Kilduff to discuss the latest developments in the Persian Gulf. The Strait of Hormuz is closed, and oil prices are spiking. John shares his insights on the situation, warning that the US Navy's actions may lead to another cycle of higher prices. They also discuss the impact on California's gas prices and the potential for shortages. Additionally, they touch on the upcoming earnings reports from major companies like Tesla and Boeing.

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