CBS CBS News’ 60 Minutes has dug into the escalating economic toll of President Donald Trump’s war with Iran. The network on Sunday spotlighted the Iranian blockade of the Strait of Hormuz, which has has sent global oil prices soaring and already hit Americans in their pocketbooks. Trump and his advisers appear to have badly miscalculated how Iran would respond to U.S. strikes. Global energy expert Bob McNally told 60 Minutes correspondent Cecilia Vega that Iran’s ability to turn the strait into “the mother of all choke points” was long known. Read more at The Daily Beast.