President Donald Trump’s war against Iran is drawing down U.S. oil reserves to an alarming degree, CNBC expert Steve Liesman told MS NOW’s Nicolle Wallace on “Deadline: White House” — and it puts the country in an extremely precarious position.
All of this comes as hostilities resume after weeks of a tentative and barely-enforced ceasefire that Trump’s allies had initially hoped was the start of a more lasting agreement.
“What is the economic impact for Americans of the Strait of Hormuz remaining either closed or controlled by Iran?” asked Wallace.
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