Christiaan Triebert
đ€ SpeakerAppearances Over Time
Podcast Appearances
And it will get more expensive to get that oil.
And as I said before, like China and also India are the biggest buyers of this Iranian and Russian oil in most instances.
And it will be more expensive for China to buy this oil.
The global oil market doesn't like when there is uncertainty.
So each time a ship is getting seized, there's a small uptick in the price of oil.
But that kind of like washes out over time.
And what we hear Trump saying is that, you know, this is...
The reason why the United States is doing what it's doing in Venezuela, a major reason is the oil, if not the primary reason, right?
So the idea behind that from the Trump administration seems to be we want to get oil prices down for the United States.
But the question is whether that will indeed happen.
Well, I'm very curious, what is the reaction going to be of Iran and Russia?
Because so far they haven't done much except sending out written statements.
It's not that they sent their own navy to retaliate by seizing oil tankers of the West, but as pressure increases on them and if their cash flow even is more reduced because of these actions by the United States and now also by France, are they feeling they have to take action to kind of get their oil moving around the world?
Like, how are they going to generate income?
Because they will need that money to continue to be in power.
And if the U.S.
and now also allies of the U.S.
are stopping these vessels, what's going to happen?
So the question of how these governments are going to survive is the main question on my mind moving forward.
Thank you so much for having me.