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Strait of Hormuz

Kevin O’Leary: Removing Iran from Strait of Hormuz Would Be Global ‘Game Changer’

Investor and television personality Kevin O’Leary said on Wednesday, March 25, that removing Iranian control of the Strait of Hormuz would transform global markets, predicting multinational policing of the waterway similar to the governance of the Panama or Suez Canals. About 20 percent of the world’s crude oil and natural gas passes through the Iran-controlled strait, which remains effectively closed to US-affiliated vessels.

O’Leary’s comments come as gas prices have surged nationwide by more than one dollar since President Trump launched the war on Iran nearly a month ago. The national gas average stands at $3.98 per gallon for regular fuel, up from $2.94 before the conflict. O’Leary predicted that once the Strait reopens, oil prices would drop to the mid-$70s and the effect would reach the pump within about two weeks.

O’Leary said the potential restructuring of governance over the Strait of Hormuz to keep it open permanently would provide worldwide security and enormous economic benefit. He acknowledged the human cost of war but argued that investors are focused on the long-term strategic outcome. “The big vision here is to finally stop this problem we’ve had for 60 years, and I really like that outcome,” he said. (FOX/VFI News)

"For I know the plans I have for you, declares the Lord, plans to prosper you and not to harm you, plans to give you hope and a future." – Jeremiah 29:11