00:00Since the MOU was signed, how many ships are getting in and out?
00:02Do you have any sense of that?
00:04I could say roughly 72 ships in the last 24 hours and 20 million barrels of oil.
00:1119 million barrels of oil the day before, 18, 16, 15.
00:17Well, we have above normal flows.
00:19We have normal flows today through the strait, 20 million barrels.
00:22I think it was like roughly 125 ships were going through.
00:25You said 70?
00:2672.
00:27Because you have bigger ships now, oil-heavy ships.
00:29So the one thing that will delay things a little bit is, unfortunately, the Iranians
00:34mined the ship channel.
00:35So all the ships that are going through today are not going through the central ship channel.
00:40They're going through either the northern route by the Iranian islands or the southern route
00:45with U.S. military escort through the Omani waters.
00:48So to return to complete normalcy takes a demining of the strait.
00:55And that's probably a few weeks' effort.
00:57Critical for us is that even without an agreement with Iran, with the U.S. military and some of the
01:04things we've developed, we can assure the flow of energy out of the Gulf with or without an
01:09agreement with Iran.
01:09Iran will not have the ability to close the strait of Hormuz going forward.
01:14That's a critical thing.
01:15That's their key leverage.
01:15And we're taking that leverage away from them.
01:18And that's U.S. military escorts.
01:20That's an ability to prevent their interdiction of ships.
01:23They do cause trouble.
01:24They are a problem.
01:26The better solution is to have an agreement with the Iranians where they get some benefit
01:33and we get a more permanent end to their nuclear program.
