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KM
K.T. McFarland
former deputy national security advisor
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K.T. McFarland (former deputy national security advisor) tells Fox Business that Gulf oil exports via Hormuz and pipelines are probably about 15 million barrels a day versus 20 million before the war, a 20-25% reduction.
The bottom line is between what's somehow moving it through the Strait of Hormuz and what's moving out of the region with pipelines is probably 15 million where it used to be 20 million. So it's a reduction, maybe 20%, 25%.
WTI crude since this was said: ▲ +12.3% · 82.40 → 92.54 · as of 2026-09-08
K.T. McFarland (former deputy national security advisor) tells Fox Business that oil at roughly $80 a barrel versus $71 before the Iran war shows Iran's claimed control of the Strait is barely moving the price of oil.
The price of oil before the Iran war started was about low 70s, $71 a barrel. Now today, even with all the blockades and all the fighting in Iran saying they have control of the Strait, it's only about $80 a barrel.
WTI crude since this was said: ▲ +12.3% · 82.40 → 92.54 · as of 2026-09-08
K.T. McFarland (former deputy national security advisor) tells Fox Business that if Russia and Ukraine, the top two grain exporters, cannot get their grain to market, grain prices will spike sharply.
If they're not getting their goods to market, that means you're gonna see a big spike in prices of grain.
Gold since this was said: ▲ +2.0% · 4,380 → 4,468 · as of 2026-09-08
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