Yesterday you said China can now continue to purchase oil from Iran. Are you giving up on your maximum pressure campaign because the sanctions right now with you on Iran. No, look, they just had a war.The war was fought. They fought it bravely. I'm not giving up.They they're in the oil business. I mean, I could stop it if I wanted it. Sell China the oil myself.I don't want to do that. They're going to need money to put that country back into shape. We want to see that happen.Would it. No. If they're going t ...

Haleem, it's interesting when you look at the way we've been for decades trying to manage the nuclear threat from Iran. It's been through sanctions. Does this mean that they just haven't worked.Well, this is the key question. I mean, have we gotten to a point, as Secretary Wright mentioned, this oil is all going to China. And the question is, have we not been enforcing sanctions or do we not have the capacity to enforce sanctions.And the question I have when he talks about Iran withering away, I thought tha ...

All right, now let's talk about the oil and gas aspect to this story and try to make sense of all of it with Kevin Book. He is managing director of research at Clear View Energy Partners. And uh Kevin, good to see you.There was a fascinating article in the Financial Times today kind of about how the oil market's a little bit vexed by what's going on. I mean, theoretically, if you told me there were missiles flying over Tehran into Tel Aviv back and forth, I would tell you oil is probably going to be $90 to ...

President Trump left the G7 meeting early to focus on the conflict between Israel and Iran. And the president says he's looking for something uh in his words better than a ceasefire. Joining us now, former Biden senior adviser Amos Hawkin.He's a managing partner at TWWG Global. And I assume you uh Amos, and it's good to see. I I assume you have a pretty good idea of um how the world is supplied right now with oil.And you can explain why we did see a little a move higher, but we certainly didn't see the any ...

And so we have our uh trade agreement with the European Union and it's a fair deal for both going to produce a lot of jobs and a lot of income and we have other many many other ones coming but you see the uh the level of enthusiasm is very good but the relationship that we have is fantastic. So I just want to congratulate you but Donald thank you very much. this now implements on car tariffs and aerospace our really important agreement and so this is a very good day for both of our countries a real sign so ...

Let's give you an update on trade talks over in London, The US and China in the same room right now for another round of talks, this time in London, last time around in Geneva on the ground. Bloomberg's Amiri Amiri We've got the officials in the right place. What's next.Well, Jonathan, this really does just feel like a continuation of the negotiations we saw just a month ago in Geneva. And the contours of what we expect is that the US is expecting more access to those rare earths and magnets, something we h ...

Financial Data and Key Metrics Changes - In Q1 2025, the company generated revenues of $32.1 million, a 22.5% increase from Q4 2024, and net income of $11.3 million, which is a 190% increase compared to the previous quarter [6][20][25] - The average rates for Suezmax and product tankers were lower by about 25% compared to the same period last year [5][21] - The company ended Q1 2025 with a cash base of approximately $227 million, which is about three times higher than its current market cap [6][22] Business Line Data and Key Metrics Changes - Seven out of the company's 13 ships are currently under time charter employment, with four product tankers having charter expiration dates between May 25 and August 27 [6][7] - The company reported a decrease in voyage costs to $10.5 million, which is $3.1 million lower than Q1 2024, attributed to increased time charter activity [21][22] Market Data and Key Metrics Changes - The tanker market experienced volatility due to geopolitical factors, including sanctions on tankers involved in Russian oil trade, which tightened capacity and strengthened day rates [10][13] - The OPEC announcement to increase output by 500,000 barrels per day positively affected tanker rates [13] Company Strategy and Development Direction - The company plans to expand its fleet significantly, adding seven ships by Q3 2025, which will increase its fleet size by 60% [16][17] - The strategic addition of dry bulk carriers is aimed at diversifying the fleet and minimizing operational costs [17] Management's Comments on Operating Environment and Future Outlook - Management noted that the first quarter began with a low pace but gained momentum, indicating a positive outlook despite market softness [20][25] - The company remains confident in its diversified fleet and expects to continue generating profits without debt [25][26] Other Important Information - The company has maintained recurring profitability since Q4 2021 and has a debt-free balance sheet [22][25] - The daily TCE earnings per fleet stand at approximately $20,500, with a cash flow breakeven per vessel at around $9,000 [23] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.