00:00The ceasefire has really been fairly leaky so far, and that includes the ceasefire between the United States and Iran.
00:09If you look at, add into the mix, what's happening in Lebanon between Hezbollah and the Israelis, it's very leaky.
00:18But as long as both sides continue to agree that the ceasefire is generally in effect, which is the case,
00:25then we're able to move forward in the negotiations.
00:30I think the issue we have here is that even a small tactical action like taking out a couple of
00:36mine lane craft inside the Strait of Hormuz can lead to a strategic consequence where one side or the other
00:43decides the ceasefire is no longer in effect.
00:46We're going to conduct some general strikes, whether they're quote-unquote retaliatory strikes on the part of the Iranians or
00:54retaliatory strikes on the part of the United States doesn't really matter.
00:57So there's a lot of tension here.
00:59And the sooner we can move past the ceasefire to a more permanent negotiation, the better the opportunity to reduce
01:09the tension to get the Strait opened up and to get things back to normal in the region.
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