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  • 2 days ago
Oil prices briefly spiked to their highest level since 2022 following Iran's selection of Ayatollah Mojtaba Khamenei as the new supreme leader.

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00:02I had a very good call with President Putin. We had a lot of people on the line from our
00:07side,
00:08from his side. We were talking about Ukraine, which is just a never-ending fight. And when,
00:16look, there's tremendous hatred between President Putin and President Zelensky. They can't seem to
00:21get it together. But I think it was a positive call on that subject. And we obviously talked
00:27then about the Middle East. And he wants to be helpful. I said, you could be more helpful
00:34by getting the Ukraine-Russia war over with. That would be more helpful. But we had a very
00:39good talk. And he wants to be very constructive. Yeah.
00:43On Iran, you called it an excursion. You said it would be over soon. Are you thinking this
00:47week it will be over?
00:48No, but soon.
00:49You're talking about days?
00:50I think so.
00:50Okay. And with respect—
00:51Very soon. Look.
00:52You mentioned you were going to waive certain additional oil waivers or sanctions. Can you
00:56talk a little bit more about that and address, in particular—
01:00Well, we're looking to keep the oil prices down. We went artificially up because of this
01:05excursion into a very positive thing. I mean, this was an excursion that a lot of people
01:09wouldn't have done. I knew oil prices would go up if I did this. And they've gone up probably
01:15less than I thought they'd go up. But I don't think anybody thought we were going to be this
01:19quickly successful.
01:22Do you have to take him out? Does he have a target on his back?
01:25You mean the new supreme leader? You mean the sun?
01:28How can there be an Iran with another eye to talk—
01:30Well, I don't want to say that. But, you know, I was disappointed because we think it's
01:35going to lead to just more of the same problem for the country. So I was disappointed to see
01:39their choice.
01:40All right, all right.
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