Patrick Wintour
👤 SpeakerAppearances Over Time
Podcast Appearances
And in fact, in my defense, there was a solution.
There was a deal.
He actually announced it.
And he said he was then going to go into the situation room.
And he basically spelt out what it was going to be.
And then there was after two hour meeting in the situation room.
Yes.
There was silence and obviously the internal discussion was such that they realized that the deal they'd agreed to was completely not going to work internally, politically.
So now they've gone back and reopened issues.
But there was a very interesting statement by, I think, the deputy chairman of Exxon who just said,
And we do not realize that we are two to three weeks away when our inventories are going to run down seriously.
And then we're going to be looking at oil prices of like $150 a barrel.
So I do think there's a clock ticking.
And the more he says we sit back and relax and that clock's ticking, something's going to go hysterically wrong.
Yeah, I mean, distrust and trust are the two words they probably use most about negotiations.
And the decision to allow the Internet to be connected to the sort of global Internet, as it were, was driven by two things.
One was that there was so much political pressure to do so.
Second was that there is this economic pressure really pressing down so hard now on the Iranians.
and parts of the Iranian economy are dependent upon the internet.
There was a report last week which talked in terms of there being a 10% drop in GDP, a sort of massive recession going to happen this year inside Iran, and thousands more thrown out of work, and also living standards collapsing, hyperinflation, food inflation at over 100%.