neil: the european union place add ban on imports to iran and to plan on how big a hit, on how it would hit drivers. what do you think, bill? guest: we will find out how crazy this regime is because to they absolutely try to follow-through on shutting down the strait of hormuz, imported oil choke point and the gasoline will hit $5 a gallon and go up there faster than a speeding bullet. neil: in other words just the announcement is the oil shipments would be delayed and people would panic, and there would be a run on gasoline supplies and we would see prices spike. that is assuming the iran government is more crazy than we think they are. they would have to be crazy to attempt this type of thing, that is why a lot of experts are hesitant, but, now the e.u. has agreed and there is a game plan in place and the markets are waiting to see what iran will do. neil: what i add hire about the e.u. is their swarmiest