LARRY KUDLOW: Hormuz will not stop history

For those wondering about the state of play for oil prices, gasoline, and stocks, here’s what President Trump said this afternoon: "I think the war is very complete, pretty much. They have no navy, no communications, they’ve got no Air Force." And that America is "very far" ahead of his initial four-week to five-week estimated time frame.

Soon after the President’s statement, oil fell to $85 a barrel after topping $100 a barrel earlier in the day and stocks ended up rising more than 200 points.