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.