00:00We've made the argument to the Chinese, and I hope it's compelling,
00:03and they'll have a chance to do something about it at the United Nations later this week
00:07when there's a resolution just condemning Iran on what they're doing with the Straits.
00:10Look, there's three things.
00:11The Chinese have ships stuck in the Persian Gulf
00:14because setting up a system that says we're going to let certain ships through but others not,
00:18it's easier said than done.
00:20And you saw a Chinese, not Chinese flag vessel, but it was a Chinese cargo,
00:24got hit over the weekend.
00:25I'm sure Iran didn't do it deliberately, but they did it.
00:28It happened.
00:29And so that's why these Chinese ships are stuck in there.
00:31The second is, I don't think that China, it's a huge source of instability.
00:35It threatens to destabilize Asia more than any other part of the world
00:39because it's heavily reliant on the Straits for energy.
00:42And the third reason is because China's economy is export-driven,
00:46meaning their economy is fueled not by what they consume domestically,
00:49but by what they make and sell to other countries.
00:52Well, if all the countries of the world economies are melting down
00:55because of this crisis in the Straits,
00:57they're going to be buying less Chinese product
00:59and the Chinese exports are going to drop precipitously.
01:02So it's in their interest to resolve this.
01:04We hope to convince them to play a more active role
01:06in getting Iran to walk away from what they're doing now
01:10and trying to do now in the Persian Gulf.
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