Matt Frei

But let's say this continues for another few weeks or months.

I want to come back to the United States, though, because we always talk about how all of this is impacting Donald Trump at home.

Will America then step in and force the oil companies to lower the price of gas at the petrol pump for their own consumers?

I mean, you've got to imagine now that this extends into when did it start?

February 28th, wasn't it?

This would be an intervention in the market that even Donald Trump hasn't contemplated so far.

Now heading into May.

Yeah.

But this is just dire for him back in the United States.

But at the same time, he knows that this kind of inflation, whether it's food inflation or petrol inflation, will really damage the Republicans in the midterm elections.

Well, it is dire for him because it was never supposed to last this long.

It was supposed to be like Venezuela.

You get rid of the main guy and everything else falls into line.

They didn't obviously reckon that the Strait of Hormuz would be closed, although this is a very well-worn scenario that the Pentagon...

He says that today, David.

I mean, yesterday, last week, he was in a terrible rush.

has been warning about and the Iranians have been practicing for, rehearsing for, for years.

I mean, you have to, you know, every day he changes his tune slightly.

But he's clearly realized that the Iranians are not about to back down.

But Donald Trump doesn't do his homework.