Trump's 2011 $300 Oil Prediction Resurfaces Amid Iran War, Hormuz Crisis

• Donald Trump's 2011 social media post predicting $300 oil if Iran shut down the Strait of Hormuz has resurfaced.
• The prediction gains relevance amid recent Middle East escalation and disruption of shipping through the critical Strait of Hormuz.
• The Strait, a vital choke point between Iran and Oman, handles one-fifth of the world's oil supply daily.
• Current conflict has severely disrupted shipping, blocking or delaying an estimated 18 million barrels of oil daily.
• Oil prices have surged, with Brent Crude over $100, though still far below Trump's $300 forecast.