Saagar Enjeti

So this is some of the details about what they had indicated while these negotiations are going on.

They told mediators they will be limiting the number of ships crossing to around 12 per day and impose tolls.

But now, yesterday, that should have been the first day where the new law of the land, okay, 12 per day, and we're going to assess tolls where that happened.

Only four ships passed through, but reportedly none of those ships actually had oil on them.

They did not have cargo on them.

And so, effectively, zero tankers actually went through the street.

And that was a dramatic reduction.

That was the fewest ships passing through of any day in April so far.

So this is their threat.

Now they have not done, I do think they maybe shot some missiles towards Israel yesterday, but they have not re-upped as much of the missile barrages and drone barrages as they'd been doing in the past.

Instead, they're using their economic leverage, which is the thing that the US and Trump is most sensitive to.

And we can see C7 as well.

There was a tanker that was actually turned around that was headed toward the Strait of Hormuz.

Panama flagged tanker Aurora.

In any case, they are, you know, they are clamping down completely now, which will hurt them because that means they're not getting revenue either.

But it is the reason why we're seeing oil prices go back up right now, both because of the realization there's going to be a new reality period, but also because of the realization that this thing is far from being completely settled.

And it may be quite a while before you actually have any sort of traffic.

From power to parenthood.

Yeah, I was definitely the Phantom in that.

That's so funny.