Widening war with Iran threatens international oil trade

While Iran has not officially closed the Strait of Hormuz, Iran's Revolutionary Guard Corps this weekend reportedly told ships they were not allowed through the vital sea lane, sources told Reuters. The strait is vital for the oil trade and prices have already jumped as the conflict widens. Some countries are more reliant on Gulf oil than others - that includes China, which has about half of its oil imports passing through the strait. To help understand the implications, The World's Host Marco Werman spoke to Ahmed Aboudouh, an associate fellow at Chatham House in London.