Gregg Carlstrom

speaker
466 appearances 5 recordings 1 series first heard Jun 2026 last heard 14 Sep

Gregg Carlstrom’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
3 · Jul OctJan 26AprJulnow

Recordings per month over the last 12 months — 5 in all, peaking in Jul 2026 with 3.

Appearances

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that it's actually safe to transit through Hormuz.
And after a string of Iranian attacks over the past eight or nine days, it's very clear that most ship owners do not consider the Strait safe.
So we've seen a significant drop in traffic.
If you go back to about 10 days ago, you had 30, 40, even 50 ships transiting on some days.
Whereas on July 12th, just 11 vessels transited the Strait and traffic has remained stable.
at that very low level ever since.
So very few ships willing to use Hormuz.
And consequently, we've seen oil prices start to climb from about $71 a barrel once the MOU was signed to the mid 80s.
Now there's been almost a 20% increase in oil prices over the past 10 days.
No, this all feels very familiar.
I mean, listening to Donald Trump now make threats to attack power plants and bridges, listening to him briefly revive the idea that America might start charging tolls on ships traveling through Hormuz.
And you're right to say that no one wins.
Clearly, the Americans don't because no oil and gas is getting through Hormuz now.
But for Iran, too, this is problematic.
The main reason they signed the MOU in the first place was to secure economic benefits.
By their own estimates, the war has caused $270 billion worth of damage.
And of course, their economy was already reeling from years of sanctions and mismanagement.
So they really needed to unlock sanctions relief that would allow them to start dealing with this economic crisis.
And the MOU did that.
America lifted its sanctions on Iranian oil sales.
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