Kevin Morrison

So that would have to be sort of tied down.

At the moment, it's not, and that's why it's a bit loose, and that's why this whole agreement looks quite fragile.

How long that's going to take, I could only guess.

No, I think it will.

I mean, one thing it's certainly going to do is encourage more electric vehicle sales because motorists will feel, well, look, you know, I don't really want to put up with this anymore.

Why would I have to be concerned about sharp rises in my fuel price, which will affect the household budget when, you know, we're seeing cheaper models of EVs come onto the market and

And we don't have to deal with volatile areas anymore.

So that's one thing.

The second, what I said earlier about the construction of more pipeline capacity, we may see more of that.

So there will be reduced traffic flow going through.

And also what has emerged with the increased supplies elsewhere.

So

the world would be less dependent on oil coming out the Persian Gulf than it was in the past.

So because obviously no shipping company is happy about this, so the world will adjust.

And so ultimately, given Iran's dependence on oil exports, it could come back to bite them in a very long term.

And their economy is not in any great shape whatsoever.

They're very dependent on oil exports.

It is shaky, but I must add, you know, it's going to take a long time to replace that 20 million barrels.

You know, it's not going to be done overnight with F1 buying EV vehicles.

So it's going to be slow, but all those things are going to be incremental and eventually it will start to bite at some stage.