Nova Safo

Yeah, well, the president said, as he has before, that countries which directly get their oil from the Gulf region, we don't, should be securing the passage, not the United States.

He also said this.

Now, he's talking about Iran there.

And what the president didn't address is that oil prices are set in a global market, as we know now.

So we're affected here as well when there are supply shocks.

Also, Iran has been allowing tankers it wants to allow through the Strait, a few of them, including its own.

So without further intervention, the question is, does that become the new normal with that passageway?

That certainly seems to be the consensus takeaway.

And I spoke this morning with Ryan Sweet of Oxford Economics.

And before that can happen, of course, the Strait of Hormuz will need to be reopened.

And we're seeing other countries now begin to grapple with how to do that after the fighting ends.

That'll have to happen first.

The UK is leading a virtual meeting of dozens of nations today to try to figure some of this stuff out.

But there are no clear answers yet, Sabri, about what's going to happen next.

All right.

Marketplace is Novosafo.

Thank you so much.

You're welcome.

Marketplace's Nova Safo has more on that.

Through semi-official news agencies, Iran warned it will launch regional attacks against U.S.