American Petroleum Institute CEO calls Strait of Hormuz crisis “nightmare scenario for world energy”

new admin Mar 11, 2026

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The Strait of Hormuz sees roughly 20% of the world’s oil flow through it, and tankers are stalled on both sides of the narrow chokepoint amid suspected Iranian drone attacks, rattling oil markets. Mike Sommers, president and CEO of the American Petroleum Institute, joins “The Takeout” with analysis.

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