Bob Pittman

perspective, the good part of that is it means that oil is still flowing into the global markets in some significant quantities.

So it eases some of the price pressure on global oil and at our gas pumps here in the U.S.,

The bad part of that is it means that Iran continues to do what they want and make money hand over fist.

So if you're serious about actually completely choking this off, well, yeah, that's going to damage Iran some in terms of the revenue that they're bringing in.

But it's also going to ratchet up the economic pressure on the U.S.

And obviously our landscape is we have a population that doesn't support this at all, that doesn't want to be fighting this war, that doesn't want to be paying more money at the gas pumps.

So it's a very confusing move.

And then you add to that the question, OK, well, what if an Indian ship comes?

What if a Chinese ship comes?

Are you really going to make this a world war by attacking the ships from these nations, powerful nations?

In terms of the implementation, he's saying that we're not going to allow any Iranian ships through.

Well, if Iran allows an Indian ship through and they charge them a toll and then the U.S.

doesn't blockade them, then the net effect is actually still significant.

There's also a breaking update this morning.

Iran has just countered saying a U.S.

blockade with a warning on ports.

And it is saying that if its ports are threatened, that that means that any port in an allied nation will also be threatened, effectively saying, OK, you blockade our ports and we will destroy all of the ports in the Persian Gulf, which has been their trump card as well.

So.

And they've also directly threatened, as a result of this, the Bab al-Mandab Strait, which is on the other side, and the Houthis could restart their operations there.

It's a mess.