Bob Pittman
speaker
1,474 appearances
61 recordings
19 series
first heard Jan 2025
last heard 28 Apr
Bob Pittman’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 19 in all, peaking in Apr 2026 with 14.
Appearances
naval blockade of Iranian ports won't intercept oil that is already at sea.
And then it goes through a list of where these tankers are located.
How does this factor into your calculation?
Because it seems that Iran has somewhat prepared for a scenario similar to this.
That's exactly right, and I follow a group called Tanker Trackers, and what they've noted for a couple days now is that if this should happen, Iran has basically positioned a large kind of flotilla of floating storage just outside the Gulf of Oman, specifically that would allow it to continue servicing these clients, at least for some time, should the actual strait be blockaded.
Now,
Obviously, the United States Navy is quite sophisticated, quite large and quite capable.
We saw this during January of this past year or earlier this year.
Time flies.
But when when they were kind of blockading Venezuelan exports and chasing down Venezuelan tankers across the Atlantic, clearly it's a question of the of how intense they're planning on enforcing this.
They're able to again.
But this question of, you know, is this just the latest?
kind of jawboning or kind of, you know, threat from Trump, or are they actually going to follow through with this?
At this stage, six weeks into the war, it's very, very difficult to kind of handicap that because, yeah, it seems like yes, but who knows, you know, we could be an hour away from Trump, you know, posting that peace has been found in the Middle East and oil is gonna drop another kind of 15 bucks a barrel.
And this is the challenge we face, is no one actually knows what's going to happen next.
All the while, 13 million barrels a day of production remain shut in the Gulf, and the world hemorrhages that volume of crude every day the strait remains closed.
And thus far, the strait is not only closed, but now it's even more closed than it was at the beginning of the weekend.
Yeah, so that's what I wanted to focus on with you is you were warning to us a couple of weeks ago, if we're in this scenario, the amount of destruction just inevitably in terms will lead to demand destruction.
Now, the straight, like you said, it's not just closed, it's even more closed.
If we take some Iranian oil offline and there's not any Persian Gulf oil that continues to move through, let's put the market just on our side because maybe they will catch up to supply.
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