00:00I think what the president has said is, let's let this play out.
00:03There are a few things that we want.
00:05We want durable commitments that are verifiable and backed up by inspections that Iran will denuclearize their entire country.
00:13Okay, we're going to see how we get there.
00:15Number two, we want to see what kind of an arrangement actually exists in the Middle East between not just
00:26Iran and the United States, but the GCC, Israel, Lebanon.
00:30We're going to play that situation out.
00:32And then on the Strait of Hormuz, I mean, I think you actually said it well, which is that the
00:37Strait is open in the sense that to oil traffic, we're seeing more oil come out of the Strait of
00:43Hormuz.
00:43And some days, actually, more oil coming out of the Strait than came out before the war even started.
00:49So there's this element of the, you know, where the world oil economy is kind of getting back into gear.
00:57That's going to take a little bit of time, but you've already seen the prices come way down.
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