Is the oil crisis irreversible?

Speaker 00:00

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Matt Galloway· Host0:28

[upbeat music] This is a CBC podcast. Hello, I'm Matt Galloway, and this is The Current podcast.

Donald Trump· Soundbite0:35

They wanna make a deal badly, and we'll see if we get there. If we get there, they can't have nuclear weapons. You know, it's very simple. If we left right now, Iran, it would take them 20 years to rebuild. You would call that we're in good shape, right?

Greg Carlstrom· Guest0:48

Fantastic shape.

Donald Trump· Soundbite0:49

Yeah, we're in good shape. Now, we're doing well. Now, we have to get what we have to get. If we don't do that, we'll have to go a big step further. But- Somebody's about to give you a- With that being said, uh, they wanna make a deal. We've had very good talks over the last 24 hours, and it's very possible that we'll make a deal.

Matt Galloway· Host1:07

That's US President Donald Trump yesterday signaling a possible end to the Iran war, but there is a lot of confusion still as to when that war might actually end. Iran says it's reviewing a new US peace proposal. This comes as the United States pauses the so-called Project Freedom, a military operation to move ships through the Strait of Hormuz. Greg Carlstrom is the Middle East correspondent for The Economist. He's in Riyadh, Saudi Arabia.