Eric Bolling

Who wins in that?

The other thought is, don't they effectively control the Strait of Hormuz now?

I mean, they...

Anytime they want, they can do that.

And they've proven we're three, almost four weeks into this conflict, and we don't have a ship in there.

And the only ships that are going are the ones that both Iran and the US agree are allowed to go through.

So they do have it, and they probably always have it, unless the Saudis want to step up.

They're on the other side of the Strait of Hormuz and take that control.

But why is it the US?

The reality is, Steve, we use West Texas Intermediate.

We produce most of the oil we need right here.

We don't need Middle Eastern oil if we don't have to, especially with that deal.

We can actually even work on Venezuela, Canada and Mexico to increase our purchases there.

So the reason why West Texas Intermediate, our oil is 104 today and Brent is 118 today and Middle Eastern Omani crude, others are 150 today is because it's a regional issue.

It's not really our issue.

Somewhat is because

Oil is a global commodity.

But, you know, in other words, one price raises all prices.

But to the extent that we say we have all the production we need, go ahead, close it straight.

We have our production.