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President Donald Trump addresses oil amid the situation in the Strait of Hormuz and the outlook for lower gas prices while taking questions during a Cabinet meeting.
00:00 – Massive oil tankers heading to Texas and Louisiana
00:15 – The scale of global oil shipments and barrel counts
00:30 – Managing the backlog of ships in the strait
00:45 – Trump addresses the reality of $4.45 gas prices
01:00 – Comparing historic fuel prices in Iowa and beyond
01:20 – Why California gas prices remain high
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