Cormac McGarry

So one ship, one large oil carrier could carry about two weeks of Ireland's crude oil consumption.

All it takes is one ship to be stuck and that's two weeks of Ireland's consumption.

Now, there should be 135 ships a day getting out of the Strait of Hormuz.

Currently, there's almost zero.

So, in short, yes, it already is affecting Ireland, obviously.

What we're probably seeing with this price spike today, one explanation is that this is the market actually setting a more of a longer-term price on these supply constrictions.

Yes, of course.

Well, first of all, we don't know.

There's a lot of speculation as to whether J.D.

Vance is going or not.

I don't think we have any confirmation as to projecting that he's on the route.

We still don't know.

Some are reporting that he is.

Some are reporting that he's not.

As far as the Iranians, though, they have not confirmed that any delegation has set off for Islamabad.

I do know that security in Islamabad has doubled since the last round of talks a few weeks ago.

And so the Pakistanis are very much waiting for both sides to arrive in Islamabad.

However, the Iranians have said we're not coming because for them, the issue of the blockade of the Strait of Hormuz is something that is non-negotiable, it seems.

Their vessel came under attack yesterday.

Not yesterday, but the day before.