Greg Myre

economy, economies around the world will be hit.

There's going to be a tangible impact from this war that has not been resolved at this point.

You can't just stop and leave.

Essentially, yes.

You know, 20% of the world's oil flows through there.

There have been some workarounds, so maybe up to 10 million barrels a day are finding other ways out.

But that's still a 10% cut in global oil.

And Iran is able to do that right now.

And if that continues, the pressures are already mounting and they're going to hit.

There's been a bit of a buffer so far.

So we've seen oil prices, gas prices go up.

But the buffer by releasing oil from the Strategic Petroleum Reserve and moves like this have helped cushion that.

That's going to stop at some point.

And so Iran can literally say this oil is going through or not going through oil.

that will have a direct impact on U.S.

gas prices.

I mean, I think the answer is yes.

I mean, certainly in the short term, but I mean, I think so much depends on what happens in two weeks and a few days.

Does this stick?

Does this lead to a longer ceasefire?