00:00Well, we have things that we could sanction. We have very draconian sanctions, and we'll see what happens. Right now,
00:07the strait is open. A lot of boats are coming through. People aren't reporting that, and that may slow down
00:14a little bit at some point, but right now, a lot of boats are coming through.
00:17The naval blockade has been extremely effective. Zero, I mean, literally, while it's up, and it's been for quite a
00:24while, you know, except for a couple of little pauses where we opened it purposely with a deal, but the
00:30deal didn't terminate, you know, the deal didn't turn out to be what they said, you know, when they tell
00:34us one thing and they do another.
00:36But the blockade has been 100% successful. No boats have gotten into Iran, but they are getting in for
00:42other places. But we'll see. We're going to see what happens. It'll either be extremely good and oil prices are
00:49going to drop like a rock, or we'll continue to do exactly what we're doing.
00:53You know, they were talking about $350 a barrel, and it's today $84, $85, and we are getting a lot
01:01of oil out. But the other thing that's happened is people have found other alternatives, which they never thought about.
01:08Texas, Alaska, Louisiana, and other places. In addition, a lot of pipelines. Record numbers of pipelines are being built. So
01:16I think the Hormoz Strait's not going to be quite as important as it was in the past.
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