Stephen K. Bannon

I think Brent Cruz also up because I believe it was a little general.

He did compliment the Arab nations for their participation.

Now, so far, I think only UAE has really stepped up and said they want to be part of this fight.

In fact, they said they would take.

they would assist in direct military action to open up the Strait of Hormuz.

He left it generally.

What's your interpretation of the oil markets, particularly on his Hormuz discussion?

Seems like they may not be buying it quite yet.

Well, Steve, I don't think that you're going to see the reaction in the markets yet because the markets are looking for specifics.

They want to know, is this thing going to be shut – is the military going to be shut down, the military side of it, the operations?

Are we going to go back to the stability?

That being said, though, we are looking at –

traffic that has already picked up in the Strait of Hormuz.

We're seeing it eastbound.

We're seeing it westbound.

They're going by Larrac Island.

They are conducting these Iranian inspections of the vessels.

And by the way, this is something, this is key that a lot of people haven't pointed out yet.

The tolls that many people have been talking about on the oil tankers that are headed out of the Gulf right now, those tolls are being paid to Iran in Chinese yuan.

That is in Chinese currency.