00:02:03.920And in terms of the $6 billion, the Qataris reportedly, allegedly, paid a billion dollars in 2015 to a group of Iraqi militias who had kidnapped 28 Qatari princes.
00:02:23.600They were hunting in Iraq, and the Iraqi militias found them.
00:02:29.820And the Qataris say that they paid money to the Iraqi government.
00:02:32.860the militias say the money went to them. Nobody really knows, but opening the Strait of Hormuz
00:02:40.940is worth considerably more than six billion. Well, I would have thought it's worth more than
00:02:47.720six lots of 28 princes. I mean, is it not the case that if the Gulf states don't open the straits,
00:02:55.260not only does oil not go out, but food doesn't come in? Yes. So this is an existential crisis
00:03:01.200because he's all very well worrying about the Iranians.
00:04:52.780Hmm. Frankly, I'm not surprised about the Russians because the Americans have been helping the Ukrainians are targeting, so why wouldn't they do that?
00:05:00.460So one of the things I think you said on our recent Real Politics, it was very interesting, was that the Gulf states quite deliberately maintain a sub-size military because they are afraid that if they had a large military, that could replace the leadership of these countries.
00:12:30.940It really, I mean, there are always exceptions to every rule, but the rule is the rule regardless of the exceptions.
00:12:40.460And so the emergence of Iran as a hegemon, it changes the political dynamics in the whole region because it means that at least two of these countries no longer need to exist in their current form, Kuwait and Bahrain.
00:12:56.820And that's a massive problem because the entirety of the American policy in the Gulf is predicated on keeping these small countries independent so that there isn't this massive concentration of oil wealth in one set of hands.
00:13:13.160and the importance of keeping Saudi Arabia on side for the Americans
00:13:18.080is to make sure that the biggest player in oil exports
00:13:21.920isn't beholden to powers that are hostile to the United States.
00:13:28.660Well, Saudi has always had a sort of special position.
00:13:31.060When the petrodollar was getting set up,