(Bloomberg) -- Greg Abel didn’t take long to address the elephant in the room.Most Read from BloombergSupertanker Appears to Have Crossed the Strait of HormuzWorld’s Largest Container Carrier Plans Route Avoiding HormuzBeijing Tells China Firms to Ignore US Sanctions on RefinersPhilippines Says Thousands Evacuated as Mayon Volcano EruptsIran Juggles Oil Cuts and Storage Strain to Resist US BlockadeIn his first few minutes addressing Berkshire Hathaway Inc. shareholders on Saturday — the first an