00:0019 million barrels passed through yesterday.
00:02You're probably going to go through 20 million.
00:04You were basically almost halfway back of the original shortage of world oil supply,
00:10which was about 20 percent out of 100 billion barrels a day.
00:14So 20 billion dollars, 20 billion dollars barrels a day.
00:18And look, I just want to I guess I have to say it.
00:22This memo is non binding.
00:25It's just a political document that opened up a conversation.
00:30OK, and whatever the IRGC people may or may not say, they're like Baghdad Bob during the Iraqi war.
00:38Reminds me that because there's no bearing in any.
00:39They're saying, for example, the Strait of Hormuz is closed and we're having record transits right now.
00:46They can't. Women in the streets of Tehran are not wearing their hijabs,
00:51walking around in short skirts on motorcycles, saying things and singing songs.
00:56It's as though they've lost the morality play that they've tried to do.
01:00Trump has destroyed Iran's military, its industrial base, its economy.
01:06They're on their knees and they're suing for peace.
01:10And he's got a diplomatic initiative and it's going to take a while.
01:13I agree with that. It's going to take quite a while.
01:15But I would I take it very, very seriously.
01:18And meanwhile, energy prices coming down, gasoline prices coming down.
01:22And any money that might go in the next 30 days to Iran or 60 days is going to pass
01:28through the U.S. Treasury's escrow account.
01:31In other words, we will control any money from Iranian.
01:35You're talking about frozen funds.
01:36Actually, oil sales first and the frozen funds may come may come later.
01:41But it will go through a Treasury escrow account, which is aimed at purchasing American farm products,
01:49various commodities and medical products to help the people in Iran.
01:53So I think, you know, Trump is absolutely in control.
01:57There's so much hand wringing going on here, probably for political reasons.
02:01But I think he's on the right track.
02:03So I think he's on the right track.
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