Frank Mottek discusses the latest market trends and news with oil industry analyst John Kilduff. They dive into the impact of the Strait of Hormuz closure on oil prices, with John sharing his insights on the current supply situation and the potential for a "free for all" in the oil market. They also discuss the United Arab Emirates' decision to leave OPEC and the implications for oil prices. Additionally, they touch on the California gas price situation and a new pipeline project that could bring relief to the state's fuel supply.