Michael Janda

You blockade the waterway that I need to get oil out to the global economy, and I'm going to blockade your oil so you can't sell any.

The thing that isn't clear here is how long the Iranian regime can exist without the revenues coming in from the oil.

How much backing do they have from countries?

For instance, like China, without the quid pro quo of oil, and Russia is a huge supporter of Iran and in return for some of the drone supplies and other support Iran has been providing to the Russians.

including in their conflict with Ukraine.

I don't even know how well.

I mean, Donald Trump has just spoken and said the Iranians are under immense pressure.

But he said that before.

They went into this war, according to New York Times reporting, thinking that the Iranian regime possibly or even probably would collapse under the weight of the initial attacks.

And that didn't happen.

So if Iran can wait it out a lot longer than the US is expecting, you know, can the global economy survive that long without oil?

You know, the one fifth of oil that comes out of the Middle East through the Strait of Hormuz.

And had been why the US and Israel as well hadn't done this kind of thing for the past three decades, because that was the leverage Iran always had.

I think having the conversations is a minimum, isn't it?

You expect to see your prime minister or the foreign minister going to our major suppliers and trying to lock in what they can.

Maybe those suppliers can't guarantee.

I mean, Singapore is reliant on imported oil, most of it from the Middle East, to be able to refine it, to send it to us.

Malaysia and Brunei do have crude oil production.

And in fact, Brunei is the major supplier of the crude oil that

Australian refineries turn into refined fuels, the two that remain open.