David Satterfield

speaker

35 appearances 1 recordings 1 series first heard Sep 2026 last heard yesterday

David Satterfield’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Sep 2026 with 1.

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So the squeeze is real.

Oh, yes.

Squeeze is real and it's hurting.

But the Iranians – and here's the critical issue –

The Iranian regime believes it can absorb more pain for a longer time than the region can, the global markets can, or Donald Trump can.

things are happening.

First, crude is moving out of the Gulf.

It's moving under escort or moving with transponders turned off, the so-called black ships or dark ships.

It's also moving through pipelines and other means, including to the Red Sea.

So, yeah, crude is getting out.

But your question about the price of refined products, that's a different thing.

The Russian production of refined products, petrol,

Jet fuel, the distillates, has been cut by almost one-third because of Ukrainian strikes.

That is what has had the dramatic impact on prices.

East.

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