00:02All right. Good morning, everybody. Last night, 12.5 million barrels of oil went through the
00:09Strait of Hormuz. That is a high since the beginning of the conflict. Oil prices are down
00:14nearly at their level from the pre-war conflict. Gas prices dropped below $4 a gallon today for the
00:20first time since the conflict. And importantly, they're going to keep falling further given how
00:24low oil prices are. On the military side, the Iranians for the second night in a row did
00:31not shoot at any ships in the Strait of Hormuz. So far, they are honoring their end of the
00:35commitment. And on the blockade, CENTCOM has allowed north of a dozen ships to go through
00:40our naval blockade. And so we're also honoring our end of the early part of the agreement.
00:44I would say the 60-day period officially started today. It was signed late and it may have even
00:49been signed technically, you know, because of the time shift. I think it signed technically
00:53today, Iran time. So yes, the deal started yesterday. We're going to start the 60-day clock today.
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