00:00I think they're realizing, by the way, that their control over the Strait of Hormuz is effectively gone, and it's
00:06a diminishing asset.
00:07So if you go back three months ago, how much oil and gas was coming out of the Strait under
00:12Iranian threats?
00:13It was virtually nothing. Now it's almost back to where it was before the conflict even started.
