Sagar

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But let's go ahead and start with all of these crazy updates, even just this morning, breaking with this Iran ceasefire negotiations.

No.

Actually, the seizure of these ships is much more about Iran's war effort than it actually is in terms of oil.

So again, there is a lot of news that's been coming out about this blockade, a lot of fake news actually from the American and the Iranian side claiming multiple violations and people to go through.

So Lloyd's actually crunched some of the data.

About 27 different ships were actually able to get through.

Some of them

were oil-related.

Now, this is where you need to pay quite a bit of attention, is that this was, quote, without incident in the Indo-PACOM area of responsibility.

So we don't know exactly where and what, but you can take a couple of different clues.

So in this ship and in a previous ship that was seized yesterday, I think it was yesterday that you guys

covered, both of those were either en route from China and are suspected to have some sort of either military technology or assistance and or there's a specific chemical I was reading about, which is very helpful to the Iranian missile program.

And so actually, what this blockade has been about now so far in terms of the actual enforcement actions has been on trying to quell any of the military technology or military infrastructure needed

to rearm for the war, not necessarily just for oil, which I think, again, you would only really do if this wasn't about economic pressure, but you intended to restart the war.