The Persian Gulf just became a live fire zone and crude is barely flinching. What does that tell you about where oil markets really stand? David Pursell, EVP Planning Reserves and Fundamentals at Apache Corporation, joins Kirk and Mark to break down the US strikes on Iran, why this is nothing like Operation Midnight Hammer, what OPEC is actually capable of producing, how strategic reserves are everyone's insurance policy, and whether the real story here is regime change, not barrels. Join the conversation shaping the future of energy. Collide is the community where oil & gas professionals connect, share insights, and solve real-world problems together. No noise. No fluff. Just the discussions that move our industry forward. Apply today at collide.io Click here to view the episode transcript. 0:00 US strikes on Iran and initial oil market reaction 2:50 Shipping disruptions and Strait of Hormuz concerns 5:30 Weeks not days and the case for regime change 7:26 Who actually cares and global market impact 11:35 Iranian oil on tankers and strategic reserves 14:54 OPEC production increases and spare capacity questions 18:48 Strait of Hormuz as a chokepoint 21:03 The regime change problem and keeping the lights on 29:19 Sunni-Shia dynamics and what comes next 34:14 Structurally bearish factors and why the market yawns 41:50 US oil demand growth and fundamentals check 44:04 The IEA critique corner https://twitter.com/collide_ai https://www.tiktok.com/@collide.io https://www.facebook.com/collide.io https://www.instagram.com/collide.io https://www.youtube.com/@collide_io https://bsky.app/profile/collide-ai.bsky.social https://www.linkedin.com/company/collideai