0:00
Now, President Trump has called on his
0:02
NATO peers to step up and help unblock
0:04
the strait in a bid to calm the surging
0:07
oil prices. And on Monday, the
0:09
government announced an over 50 million
0:11
pound package to help struggling
0:13
families deal with the brewing energy
0:15
crisis. This last three weeks, it's it's
0:18
it's nothing like we've seen in the past
0:18
couple of years. There's a lot of
0:19
chatter of comparing it to, I guess,
0:21
Russia and Ukraine. How are you seeing
0:23
the two different situations? And what
0:24
have you seen particularly stand out in
0:26
the last three weeks?
0:27
>> We've seen a lot of volatility, as you
0:28
said, and prices have been jumping
0:30
around significantly. I mean, one day we
0:32
saw oil prices up 30% and then they they
0:35
ended the session down. So, the intraday
0:37
volatility is outstanding and something
0:39
like we've never really seen before. And
0:41
I think the issue here is it's not a
0:42
production issue. It's a distribution
0:44
issue. As you mentioned, the Strait of
0:46
Hormuz is the key playing field here and
0:49
and where everyone's looking. Everyone
0:50
has their sights. And and the key to to
0:52
this war and this conflict is who's has
0:55
strategic control of the Strait of
0:56
Hormuz. And right now, that's Iran.
