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And 🔈 Listen to What the Hack?, an award-winning, true cybercrime podcast: https://pod.link/1571482669Colin Grabow, Associate Director at the Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies, discusses how the global fuel shock triggered by the Strait of Hormuz closure is raising energy costs worldwide and argues that U.S. policies like the Jones Act and tariffs are worsening affordability by acting as hidden taxes on fuel and goods.*This video was recorded on March 26, 2026To get 5% off of your CoolWallet purchase, use my link: https://www.coolwallet.io/discount/davidcwSubscribe to my Briefs channel: https://www.youtube.com/@DavidLinReportBriefsSubscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34sListen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-reportFOLLOW COLIN GRABOW:The Cato Institute: https://www.cato.org/X (@cpgrabow): https://x.com/cpgrabowFOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tvInstagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/For business inquiries, reach me at david@thedavidlinreport.comDISCLAIMER: This video is for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice. Always conduct your own research and consult a licensed financial professional before making any investment decisions.The views and opinions expressed by guests are solely their own and do not represent the views of this channel. Any forecasts or forward-looking statements are based on personal opinions and are not guarantees of future performance.This channel may include sponsors or affiliates. Their inclusion does not constitute an endorsement, and the channel is not responsible for the performance, claims, or actions of any sponsor, affiliate, or third party.No content in this video should be interpreted as a solicitation to buy or sell any securities or assets. Investments carry risk, including the potential loss of principal.0:00 - Gas shortages worldwide 2:55 - Trade policies and inflation6:30 - High gas prices and the economy 8:30 - Policies to bring down inflation10:00 - End of tariffs? 11:40 - Waiving the Jones Act16:27 - Candy cartel 20:32 - Protectionist policies 26:26 - Economic outlook 29:19 - Has globalization failed? #oil #iranwar #economy