00:00And I just want to talk to you just quickly, if we can, about OPEC Plus, because the members of OPEC Plus are obviously meeting in Vienna to discuss an oil production strategy.
00:12President Trump has offered around two scenarios, a deal or no deal when it comes to these talks.
00:19If it's a no deal, we could see sanctions placed on Iranian oil. Now, what impacts will this have?
00:26Well, it depends what sort of sanctions. I mean, they've been talking about secondary sanctions.
00:33That means the U.S. would be imposing sanctions on the countries and the companies that buy Iranian oil and petrochemicals.
00:44Again, we don't know how wide this would be, because if it is sanctions on Chinese companies, I don't think it's going to have that much effect.
00:54But if there are other players who would be really affected by being, you know, a victim of this secondary sanctions, possible.
01:07You know, it is not really clear how much of ramifications.
01:12However, if, like, for example, the U.S. goes and it is sanctions to start boarding oil tankers, Iranian oil tankers, and confiscating them,
01:25then, yeah, then at this point we could see a serious impact.
