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Currently Playing: Trump blames Iran for Strait of Hormuz strike, US retaliates as oil supply fears grow

U.S. President Donald Trump is blaming Iran for Thursday’s drone strike on a cargo ship in the Strait of Hormuz, and now the United States has retaliated, targeting missile and drone sites along with coastal radar locations. The escalation is casting new doubt on how freely tankers will be able to move through the critical oil chokepoint. Low global supply coupled with an increase in summer demand will see prices bounce around through the summer months. But a return to pre-conflict prices could still take months, provided the Strait of Hormuz is fully opened. Heather Yourex-West looks at what the ongoing uncertainty could mean for consumers as the summer travel season gets underway. For more info, please go to https://globalnews.ca/news/11940116/trump-iran-ceasefire-violation/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en #GlobalNews