kelvin tay explains why this is a significant risk for markets.u strike iran's oil, it represents a certain escalation of the war in the middle east and it threatens the entire region because don't forget that iran controls the whereabouts to 25—30 million oils per day. and iran, it's a significant oil producer, producing 3.5 billion barrels a day so that means that the entire oil supply from the middle east is likely to be under threat if iran decides to go and control or shutter the streets. it's not something that we can do with at this point in time when we have the ongoing ukraine—russia war. and russia is the biggest oil producer. gas and oil combined. how are you weighing the risks? the risks are high but we think that whenever there is a problem with the middle east, whenever there is an issue with the oil supply, the impact on global capitol markets does not last that long. so, they spike, this risk of the dollar strength and that we've seen the last couple of days but it doesn't last indefinitely. at end of the day, oil prices are more o