Cabot Phillips

I think it's going to be much harder now for China to continue buying the oil.

They're going to have to get it from somewhere else or they're going to have to get it through ship to ship transfers on these shadow tankers that are floating around the world.

They're going to have to get it from somewhere else or they're going to have to get it through ship to ship transfers on these shadow tankers that are floating around the world.

And so that's one piece of it.

And so that's one piece of it.

I don't think it's much of an alliance.

I don't think it's much of an alliance.

The Chinese spread their risk around the Gulf.

The Chinese spread their risk around the Gulf.

They don't want to go so deep with any one country that they alienate others.

They don't want to go so deep with any one country that they alienate others.

So they play a double game where they'll try to get what they can from Iran, but they'll try to get what they can from other nations in the Gulf or the Middle East.

So they play a double game where they'll try to get what they can from Iran, but they'll try to get what they can from other nations in the Gulf or the Middle East.

And so it'll continue being business as usual with the Chinese.

And so it'll continue being business as usual with the Chinese.

All right, we will leave it there.

All right, we will leave it there.

Brian, thank you so much for your expertise.

Brian, thank you so much for your expertise.

We really appreciate you coming on and breaking this down for our audience.