00:00:00.000As we speak here in this Wednesday, March 11th, the Strait of Hormuz is still an active war zone for cargo ships and ships filled with oil and gas trying to exit in and out of the Persian Gulf.
00:00:15.480As today, numerous ships were hit by projectiles and set on fire. It's still a war zone. It's still a very dangerous place for anyone trying to get goods in and out of the Persian Gulf.
00:01:38.760Now, Saudi Arabia, this is amazing to me.
00:01:41.78045 years ago, they built a pipeline that hasn't been used until now to the Red Sea,
00:01:47.800just in case there would be a problem in the Strait of Hormuz.
00:01:50.420So Saudi Arabia, with some foresight, now has their ability to ship their oil to the Red Sea way away from the state of Hormuz and get it to market, which is something a lot of Canadians look at going, why couldn't we have done that years ago?
00:02:05.080That was the first question that just popped into my mind.
00:02:07.700This sounds like even as an emergency backup, one of the smartest things a country could do.
00:02:13.480A lot of the countries that you named that are recipients of these shipments are already saying that they're on low reserves.