Malcolm Moore

So there's a Korean one as well.

Okay.

But, you know, and that's a lot.

That's six million barrels of oil.

That's the largest volume of oil that's passed through the straits since the war began.

So that is good.

And that's what got everybody excited.

Also, because after the Xi Trump summit, they thought, oh, maybe there's a deal that's been worked out.

But also, Iran has now set up what it calls the Persian Gulf Strait Authority.

Which is their new and potentially highly lucrative body to manage traffic through the Strait of Hormuz.

Now, we don't know again how that is working.

We don't really know whether ship operators are paying or not paying.

Note, it is illegal because that's sanctioned.

So most people say they're not paying.

We don't know whether countries are doing deals.

So, you know, Pakistan does a deal directly with Iran and everybody, you know, we don't know all of that.

But what we can see is that people seem to be edging towards a new sort of status quo where maybe some ships can come out.

Right.

And so maybe that door is opening and there are a lot of maybes here.

But if that door is opening...