Q: «A month ago you launched what you called Economic D-Day on Iran. Today, oil is still, as we talked about, about 100. The Strait is definitely pinched. There are tankers that are getting through, but a lot of them are getting attacked regularly. A month in, is it working?»
«The tankers, they may get hit. Many of them just sail on. The Iranians may launch three, four, five, six drones after them, our great Navy is blocking them. But we are getting between 10, 15, sometimes 17 million barrels a day out. To put that in perspective, before the conflict began, the number was 20.
And there's probably another 3 million going out through alternate methods. So that gets us back to somewhere between 13 and 20, which is the reason we have seen oil come down from the spring highs.»
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