Bob Pittman

Yeah, so just for context here, one of the things that I think is important to keep in mind, one of the weird things about this crisis thus far is that if you had asked any oil analyst, myself included, three months ago, if Iran was going to close the Strait of Hormuz, would Iran still be exporting oil?

And the answer would have been obviously no, right?

That would have been something that obviously in such a situation, the United States or whatever kind of opposing party would have blockaded those shipments.

And the strange thing is that throughout the crisis, Iran has continued to export its oil.

not only export its oil, but at higher prices and thanks to U.S.

Treasury sanctions repeal to more and more consumers at lower and lower discounts.

So they've actually been making kind of great money out of this process thus far.

And one of the things, and now Trump is trying to remediate that and saying, okay, now we're going to cut off the flow of oil.

after six weeks.

So I think the question here now is, you know, the first Iranian tanker or the first Iranian ship either direction to test this blockade is going to set up this next step for escalation, because thus far, Iran has generally withheld or held back from attacking production assets across the Middle East or, you know, export and loading infrastructure.

if they now can't export their oil, maybe that's the next thing up for grabs should, let's say, the United States fire on or seize an Iranian tanker.

Let me go ahead and put, guys, C7 up on the screen.

I wanted to get your reaction to this.

And this was written up by Dropsite from publicly available information.

They say Iran has about 174 million barrels of oil in

floating storage that a blockade would not touch.

And you can see all of the details there.

They say over 90 percent is bound for China, carried largely by ghost fleet tankers running dark.

129 tankers linked to a running crew currently sailing dark, according to Windward.

U.S.