International North–South Transport Corridor

Iran is sending oil to Russia via the Caspian," like you just said, "bypassing the American blockade.

Uh, that's part of the INSTC, the International North Southern, uh, South Transportation Corridor.

Iranian crude is refined into Russian diesel and will soon travel to the [laughs] United States under the Putin-Trump diesel deal.

The US can keep the Iranian-Russian diesel in the US or sell it as made in the US to Euro, to the Europeans for a huge profit.

Disruption in the Strait of Hormuz, the Red Sea or the Suez Canal can raise freight costs and slow goods flows.

The International North-South Transport Corridor and the Chennai-Vladivostok Eastern Maritime Corridor are intended to expand transport options.

We'll be back in a moment following this important announcement.

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