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‘The Big Money Show' panel breaks down rising Iran tensions as U.S. forces secure the Strait of Hormuz, oil prices react and Americans face higher gas costs amid a volatile global energy fight. 0:00 – U.S. Destroyers Clear the Strait of Hormuz 2:09 – "Death Cult": Analyzing the Iranian Regime's Strategy 4:13 – Debunking the "Vietnam Quagmire" Narrative 6:26 – Trump vs.

California Independent Petroleum Association CEO Rock Zierman joins ‘Varney & Co.' to warn that state policies are slashing in-state oil production, driving up gas prices and increasing California's reliance on foreign energy sources.

The standoff around the Strait of Hormuz has removed millions of barrels of oil from markets, exposing stockpiles, spare capacity and even OPEC. Here's what would get energy markets back on track.

Oil markets are losing ground as U.S. did not react to Iran's attacks on UAE.

Oil futures retreated from four-year highs on Tuesday, as the ceasefire between the U.S. and Iran remains fragile. That's after Washington kick-started operation Project Freedom to ease the disruption in the Strait of Hormuz.