Gas prices are climbing again and the global energy situation continues to deteriorate.

Chuck Zodda and Mike Armstrong break down why ongoing disruptions in the Strait of Hormuz are creating mounting pressure on oil supply, fertilizer markets, air travel, and fuel prices across the global economy.

Also covered:
* Why analysts believe the world is racing toward a major energy shortage * How India’s fertilizer warning could signal bigger global supply problems ahead * Why oil inventories may reach critical operational levels by late summer * The growing risk of $6 gas becoming reality in parts of the United States * Why California could face even higher fuel prices than the rest of the country * How jet fuel shortages may impact airlines and summer travel demand * What President Trump hopes to accomplish during this week’s trip to China * Why AI and semiconductor negotiations remain central to US-China relations

How rising energy costs and geopolitical tensions are beginning to ripple through the global economy.