00:00President Trump last week threatened what would have been one of the largest military campaigns or the largest military campaigns
00:08since World War II against the Iranians.
00:12And now we are, because of that, we are in talks with the Iranians.
00:16And I think there is a chance we may have a deal today or tomorrow to open the strait and
00:23move towards a more normalized position in this conflict.
00:28I think it would be freedom of movement.
00:30And even though things are still a little dicey there over the past few days, we saw quite a few
00:39ships coming out even now.
00:42So, you know, I'd expect the energy prices to settle back down, which, as I said, will be good for
00:48the entire world.
00:49The Europeans are obviously in close contact with our European partners, including at the Central Bank, including some of the
00:57finance ministers of the nation's states.
01:00And, you know, I assured them that it was just a reallocation of our reserves.
01:05Seems to me that the euro is much closer to an equilibrium price.
01:10I'm not going to talk about where the euro should or should not trade, but, you know, it's really the
01:17substantial undervaluation of the yen here and the policies that the Takeichi government is putting in place to change that.
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