Strait of Hormuz: the choke point for supply

This week we explore why very expensive oil might be sticking around despite President Trump’s on-again-off-again declarations of victory in Iran. We break down the "20-cent rule" for gas prices, the Strait of Hormuz chokepoint and the political fallout for the midterms. Plus: Bloomberg’s Ben Steverman on the Wild West that is white collar salaries.

See omnystudio.com/listener for privacy information.