Dan Brouillette

So I don't think the long-term effects of this type of action are going to be sustained high oil prices or sustained high gasoline prices over the course of the year.

So I don't see that happening right now.

The Strait of Hormuz obviously is very, very important.

A lot of oil comes through that.

I don't think Iran is going to close that.

They may threaten it.

I don't think they're capable of closing it, frankly.

The US Navy will ensure that it's open, but it's not in their interest to close it either.

That 3 million barrels that I talked about earlier is the backbone of their economy.

They need that oil to get to China.

So if they shut down the Strait, they're cutting off their nose to spite their face.

Thank you, great to be with you.