It does, I mean, I think it speaks to the frustration that you... being seeing is increasingly evident, I think. The Trump has come into the realisation it has said so publicly that as he says they have these very nice conversations and they say very nice things to each other and then nothing happens. And I think there's a sense that he is finding the running out of patience. But again, we'll see how long he can sustain this because the track record here. is that the rhetoric changes, you know, phone calls are made, overtures are made, and then the rhetoric changes again. So the question is, can he hold the course this time around? to apply consistent pressure to Russia and will Russia show any capitulation whatsoever in terms of its negotiating position with regard to Ukraine.

Yeah, absolutely. And that's something we've been looking at very carefully this morning. So sort of the initial take on this. is an India in particular and you've seen this very nice reporting that we've had out of Delhi. very recently saying that the refiner's in India are likely to be running down their purchases of Russian oil. The question is where do they then go to substitutes in those grades because not all crude is the same. Traditionally India had bought from the Middle East that it declined in favour of Russia because it was getting this discount on the oil. In a scenario where they do indeed run down those purchases from Russia. one would assume that they'll return to the Middle East. And so that potentially means a great deal more demand for crude coming out of place like Saudi Arabia and the UAE. And remember, this is at a time when both of these producers have a lot of spare capacity there. So India was buying something like... 1.8 million barrels a day from Russia. the UA inside in between them have spec passed you have something close to 3 million. Now that's quite simplistic in the sense that they are part of OPEC and they will need to negotiate this. but the research needed the capacity there and I suspect given where the oil prices today they would like to be producing more and shipping it off to India.

I mean, you think in the short term, very hard to call, and put in a certain you show no inclinations come to the negotiating table and negotiating good faith. however. In the medium term, if these sanctions work and that's a big if because Russia is very good about getting around sanctions, but it's assuming a scenario where they do stick and they are effective. That will pile a great deal of pressure on the Russian economy. It's a war economy. It is geared up to be quite resilient, and it has been quite resilient over the last couple of years. But it will reach its limit and the reason you so far it can go. It's a very, very commodity-dependent economy. And if it can't sell the commodities oil in particular, then it's at some point going to have to show some inclination to negotiate.