Citi's Layton: Strait of Hormuz has the potential for large oil disruption from Iran-Israel conflict

Joining us now to discuss is M Max Max Leighton. He's City's global head of commodities research. Yeah, Max, what do you make of the pullback.Uh, does it make sense to you. I had thought we would be a bit stronger today. I mean, over the weekend, some of the the betting markets were showing a rising possibility of the uh straight of Hormuz being affected.And yeah, I would have thought it would have been a bit stronger this morning, but um clearly there was a lot of short covering, a lot of call buying on Fr ...