00:00 Speaker A <\/p>\n
We’ve had this sort of like daily tracking of the number of ships which was what, around 130 to 150 before this all happened. <\/p>\n
00:07 Speaker B <\/p>\n
Right. Right. <\/p>\n
00:07 Speaker A <\/p>\n
And now has been a half dozen or less since Iran really started uh choking off the the access. <\/p>\n
00:11 Speaker B <\/p>\n
Right. I think we saw seven yesterday in total, which tells you just how small that number is compared to the 130 to 150 ships we were seeing per day beforehand. And if you look at oil markets right now, prices are on the rise this morning. They are very close to being back where they started the week. <\/p>\n
00:26 Speaker B <\/p>\n
kind of before all of this <\/p>\n
00:28 Speaker A <\/p>\n
Yeah. <\/p>\n
00:28 Speaker B <\/p>\n
will they won’t they from the Trump administration of striking Iranian power infrastructure. So I think it tells you the market is really not taking this as a sign that this conflict is going away anytime soon. Yesterday when the president announced this delay that Ben was talking about, we saw oil prices drop immediately, and then bounced pretty much right away, right back up. They’ve they’re now higher than they were before. So I think the market’s looking at this and saying, this is not a sure thing. Iran still appears to be in control here. You saw the president talk about that <\/p>\n
01:01 Speaker A <\/p>\n
Yeah. <\/p>\n
01:02 Speaker B <\/p>\n
so-called gift, right? <\/p>\n
01:03 Speaker A <\/p>\n
Right. <\/p>\n
01:04 Speaker B <\/p>\n
Of ships passing through the straight. Those were mostly Pakistani ships going to Pakistan. We’ve seen oil get out to China. So this is not oil that’s going to make a difference on the market, especially for US prices. <\/p>\n
01:19 Speaker A <\/p>\n
Mmm. <\/p>\n
01:19 Speaker B <\/p>\n
And I think a lot of people are now looking at this with a lot of trepidation. You saw uh Macquarie come out this morning, <\/p>\n
01:26 Speaker A <\/p>\n
Mhm. <\/p>\n
01:26 Speaker B <\/p>\n
a team led by Vikas Tovedi saying that if this goes through June, they’re looking at oil at 200. <\/p>\n","protected":false},"excerpt":{"rendered":"00:00 Speaker A We’ve had this sort of like daily tracking of the number of ships which was…\n","protected":false},"author":2,"featured_media":39031,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[102,16965,722,101],"class_list":{"0":"post-39030","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-strait-of-hormuz","8":"tag-hormuz","9":"tag-jake-conley","10":"tag-president-trump","11":"tag-strait-of-hormuz"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/39030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=39030"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/39030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/39031"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=39030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=39030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=39030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}