Steve Bannon

the center of gravity of this fight to the Persian Gulf.

And I think it's pretty evident to everybody.

Although the president praised the Arab States last night, we know specifically that the Arab States have not stepped into a military situation.

Whereas UAE was rumored.

And I think it was the wall street journal said they were telling president Trump and prepared to actually participate in active military engagement with

to open the Strait of Hormuz, the Jerusalem Post is reporting this morning that that's, in fact, maybe inaccurate, that UAE was not that tough on it.

So given the fact that President Trump, two things, I think,

ruled the markets is number one, he did leave it kind of open of whose actual responsibility is to open the Strait of Hormuz.

Part of the implication, it would be the Chinese and Chinese Communist Party, because he was very specific on those of you who take the oil.

not those of you who produce the oil.

So he got the, he got, I think the Arabs are trying to get the Arabs off the hook of any, uh, obligation they have, which I think is a huge obligation.

It should be theirs.

But he said, those who take the oil, which is clearly Japan, the Chinese communist party in the NATO nations, it's your responsibility.

In addition, he did, he was very specific and used, you know, the bomb them to a stone age, a phrase of, I think Curtis LeMay from the Vietnam war, um,

in talking about if he didn't get a deal.

Now, I want to go back.

What do you think happened overnight?

How are the markets processing this?

Because the numbers we're seeing this morning are much higher, and the volumes have been kind of greater.

So it looks like you're going to have even a tougher time of drawing these back.