Tim Stewart

From what we gather, they are almost there.

They literally are.

And again, to remind people, oil comes out and it is stored in a long distribution channel.

It's stored in tanks, it's stored in pipelines, it's stored in ships and trucks, and it's moved.

You know, it's in a constant moving process.

And what has happened is the floating storage obviously has been shut off, which means that puts intense pressure on the tank storage or the pipeline storage.

The Karg Island situation, which handles 90% of the exports, is under intense pressure.

And so what you have to do is literally start turning the valve down on the wells.

And that's what the Iranians actually did.

The problem is that those are very old legacy fields.

And as you mentioned earlier, those fields have water issues.

They have pressure issues.

They have migration issues with them.

And the Iranians know somehow what that scenario will play out.

But obviously, it's going to have a long term impact on their ability to ramp up to another 3 million barrels a day.

We're kind of in that end game scenario right now, I think.

And so this project freedom slash project pause

I think the president might have them in a situation where they are finally at the table for the fourth or fifth time or sixth time.

But I think they really are starting to feel the heat right now.

Well, I don't know if he's fully is.