The Strait of Hormuz is effectively closed, and energy expert Amos Hochstein is calling this the single greatest energy crisis in global history bigger than the 1973 OPEC embargo. With roughly 10 million barrels of oil per day missing from global markets, prices have surged from $60 to nearly $100 a barrel, gas is climbing toward $4 a gallon, and major producers like Kuwait, Iraq, and Qatar have already slashed production. According to Hochstein, if the Strait remains closed for just 10 more days, the economic damage could become permanent and very difficult to reverse. The ripple effects are already being felt everywhere food prices, shipping, airline tickets, and everyday goods are all taking a hit. Meanwhile, Republican senators are privately warning the White House that if this continues, they risk losing both the House and the Senate. Hochstein breaks down the best case, worst case, and most likely scenario for how this war ends and what it means for everyday Americans already feeling the squeeze at the pump and the grocery store. The conversation also goes beyond oil, connecting the dots between energy, AI, and the new geopolitical battleground. The real competition isn't just over oil fields and shipping lanes anymore it's over data centers, chips, and who controls the future of artificial intelligence. With China closing the gap fast, the stakes for America's global dominance have never been higher. Sign up for your $1 per month trial period at https://www.shopify.com/shane Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News #vicenews #oilwar #globalpower Follow VICE News here: TikTok: https://www.tiktok.com/@vicenews?lang=en Facebook: https://www.facebook.com/vicenews Twitter: https://twitter.com/vicenews Instagram: http://instagram.com/vicenews ============================ Chapters 00:00 Strait of Hormuz Is Closed 02:44 Biggest Energy Crisis In History 05:00 Oil Production Cuts 08:46 Iran vs Venezuela 13:14 Economic Fallout 21:24 AI & Energy Connection 30:19 AI The New Geopolitical Battlefield 36:08 Best Case vs Worst Case Scenario 44:53 Two Voices In Trump's Ear 46:49 Putin The Real Winner 51:20 Iran & Nuclear Weapons ============================= Oil, War, and Global Power ft. Amos Hochstein | Shane Smith Has Questions https://www.youtube.com/@VICENews