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Forces that in unblocking the forces that could strengthen russia's position in terms of furthering its invasion. there are some significant challenges there. we are expecting to hear from the european foreign affairs chief in the coming hour. takes are expected to focus as well on oil and gas. that has been a key topic. we know the european union states are attempting to phase the dependence on russian oil out. there are concerns around gas too. michael. >> all right. good to see you. early morning there in london. thanks so much. now, russia's war on ukraine having real world consequences ...
If we blockade, shut down all purchases of russian oil, will it really make a difference? >> it's not just us, a lot of transportation companies, shippers want take russian oil out. this is the private sector joining in sanctions so they have trouble peddling their oil, they can send it to china but not to other countries easily. my feeling is sanctions are in some measure with regard to the oil sector in russia but that's not why we have high gasoline prices. even before this began we were producing less oil and gas is a conscious policy of the white house to drive up the price of gasoline an...
Mostly to russia. and so that means that they have very little fuel right now. but it does put you on this slippery slope where the iranians are saying, look, if you keep doing the sanctions, if the europeans don't fulfill their promise to make up the economic losses that iran is suffering from not being able to ship much of its oil out, then they will just ignore the agreement and keep moving forward, and the problem the united states has is that since president trump abandoned the agreement more than a year ago, the u.s. position right now is iran's got to comply even if the united states is...
Terrorist organization. actions on sanctions. he says the questions it raises to him is who is provoking whom? then you have lindsey graham, republican, saying -- put this up on the screen here. he says the fault lies with the iranians, not the united states or any other nation. if the iranian threats against american personnel and interests with activated we must deliver an overwhelming military response. do you see a clear answer on who is provoking whom? >> no. i think to my surprise the economic sanctions have made a huge impact on them. they're suffocating. the population is turning again...