00:00It isn't panic. People can see before their very eyes that operations through the Strait of Hormuz
00:07remain... There's no oil flowing out. It's as simple as that. And there's no LNG coming out
00:12of Qatar. And although there are oil stocks around the world, the point is that if this
00:17closure of the Strait persists, those oil stocks, if they are deployed, will be depleted.
00:23And we are going to be in a situation where, with the oil production actually shut in, in Iraq and
00:30possibly in Kuwait, and maybe even in time in Saudi Arabia, that we are going to be in a crisis
00:36the
00:36likes of which we have never seen before.
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