Strait of Hormuz: What is Trump's 'Southern Highway' and how has it helped avert an energy shock?

Oil prices have fallen by nearly 5% following the announcement of an imminent peace deal between the United States and Iran. Despite concerns that conflict in the region could trigger a major energy shock, markets have remained relatively stable. President Donald Trump claimed on social media that "ships are starting to move" through the Strait of Hormuz, a key shipping route for global oil supplies. Sky's Ed Conway takes a closer look at why the energy shock hasn't been quite as severe as predicted thus far and the various alternative shipping routes that have been operating to get oil out #oil #iran #usa #trump #straitofhormuz #war #skynews SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Listen to our new podcast This is Why, available for free here: https://podfollow.com/thisiswhy To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales