Mark Gagnon

But before we get into the history, we need to understand what's actually going on.

Can you pull a picture of the Strait of Hormuz, Christos?

Because I think getting a visual is actually a little bit helpful.

This strait basically sits at the mouth of the Persian Gulf, which is that long, narrow body of water kind of between like Iran to the north and like the Arabian Peninsula to the south.

Think of the Persian Gulf as like a big bathtub, all right?

And the Strait of Hormuz is the drain.

It's the only way in and the only way out.

I guess you don't really go in through the drain.

You get my point, all right?

Yeah, you see this.

You see that little straight right there, that little kink?

That little kink right there is the cause of some of the biggest energy issues the world will ever face.

And it's been that way for a long time.

So every barrel of oil, every tank or every warship that enters or exits the Persian Gulf has to pass through this one little narrow gap.

And at its narrowest point, it's like 21 miles wide, about the distance from like Manhattan to like JFK.

It's like not that far, right?

The shipping lanes that the tankers use are only about like two miles wide in each direction with a two mile like little buffer zone in between.

So when we talk about the choke point that controls the global oil supply, we're literally talking about a quarter, roughly like six miles across.

Like it's not that wide.

Like even though like the waterway is that big, if you really look at the shipping lanes, it's tiny.