Trump's Russia & Iran approvals sink 'right into the Strait of Hormuz'

Global oil prices are up sharply following the collapse of the ceasefire and the threat to resume the blockade. The benchmark Brent crude rose by its highest level since June 12.

This as President Donald Trump says the US will impose a 20% fee on cargo moving through the strait. An Iranian security source also says Tehran will deliver a “devastating response” if the US attacks suspected underground nuclear site Pickaxe Mountain.

0:00 Enten breaks down Trump's foreign policy approval ratings 3:18 Goldman unpacks how the war and oil affect inflation numbers 5:26 Rep. Bera (D) on long-term strategies with Iran, Russia

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