Rudyard Griffiths

result of this Korean ship being seemingly attacked.

We don't know exactly how, but it sounds like at least one drone

struck the ship.

So Andrew, there are big implications though for this straight remaining closed.

Are there not?

I mean, we are at the point now where the inflationary effects that are being built up that will fully reveal themselves three, six, nine months from now, there are discussions now amongst S&P 500 companies about supply chain disruptions that they're seeing and they're beginning to report in their quarterly results.

And food costs, Andrew, fertilizer seemingly doubled through much of the developing south, and those costs are also coming here to North America and other major agricultural producers like Canada itself.

I mean...

How long can this go on, I guess, is what I'm wondering, given the self-injury that will affect all of us.

It's affecting Iran.

It's going to affect the United States.

It'll affect Canada.

And people in the developing South will be the ones who will bear the brunt of it.

Yeah, I agree.

So if we feel that this is a cul-de-sac, as you put it, that the president, and unfortunately, literally, these ships are in a cul-de-sac, which is the kind of Gulf of Oman.

Kuwait supposedly exported absolutely zero oil over the last 30 days.

So the shut-in is real, and it's growing.

If we want to look for off-ramps here, Andrew, international pressure.

We have Trump's meeting coming up with Xi in a matter of 10 days or so.

A lot of people are kind of putting weight on that, that the Chinese –