Why oil prices & Strait of Hormuz are trending

<p>Oil prices dropped sharply on Friday after the Iranian foreign minister said the Strait of Hormuz will be “completely open” for commercial transit during the remainder of the ceasefire. CNN's David Goldman explains what this means for gas prices in the United States. Discover more videos, including live streams and exclusive storytelling, on our <a href="http://cnn.com/watch">Watch</a> page.</p>