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and so what we're seeing at this stage is a muted response to some extent to all these developments when it comes to geopolitical tensions. looking at europe, that's also what we're tracking at this stage. we are seeing european equities moving lower as well. but the point here is that there are other themes playing out in the markets. investors are concerned about higher rates state side. they're also tracking the earnings season, so it's not just about geopolitics. it's not just the main theme for the markets at this stage. so it's worth reiterating in the initial moments we did see investors searching for those safer assets. but at this stage those initial fears have dissipated and that is translating to global equities. >> that's interesting context you bring there, but what about the impact on oil prices, too? >> so oil prices they jump off