[CC may contain inaccuracies] How important is the Strait of Hormuz right now. And even if we don't necessarily see a closure or just disruptions in that region. I mean, massively important, 20% of the world's oil is flowing there and the roughly equivalent amount of the world's gas.What is particularly challenging right now is some of the jamming that's happening on GPS devices and the like, which which is a concern. The Strait of Hormuz is, at the end of the day, the artery through which the world's energ ...

Joining us now to talk about the market implications of uh the war between Israel and Iran. Marco Papich, macro and geopolitical analyst at BCA research. So far, not not even in the oil markets, not a huge uh um effect at this point. What could that change, Marco? What would change that? Well, I think the only thing that really matters is Iran's level of willingness to interdict energy supply transiting through Straits of Hormuz. That is ultimately the only thing that investors are watching. So whether US a ...