Andrew England

And that's part of the reason you push them back, but you get the straight open.

And Iran, everybody knows Iran will only do a nuclear deal if there is some kind of financial incentive.

And like you say, it's how you dress it up.

Is it sanctions relief?

Is it a waiver on oil exports?

Is it unfreezing some of the frozen assets which they've got around the world?

You know, some people have estimated up to 100 billion, which is essentially their oil money, which they can't access in various central banks.

So, yes, there are.

And this is what the media is hoping for.

The media is hoping that you get this initial extension done.

You get the Strait reopened.

That calls tensions.

It reduces the risk of hostilities in the Strait of Hormuz or around the Strait of Hormuz, where you've got two competing blockades, the Iranian and the US one.

And that provides a better environment for nuclear talks.

Now, they've been having nuclear talks with the Trump administration since Trump came back in.

So a lot of this stuff they've already been discussing anyway.

Yeah, but I mean, I think... Is that a best case scenario?

No, I think, no, not the best case.

And the best case scenario is they get this preliminary deal, the strait opens, and then they get some kind of nuclear agreement, which reduces tensions.

It doesn't mean necessarily that Iran's going to give up its entire nuclear capacity.