War, markets, and maritime choke points collide in this brisk tour of a Middle East crisis that could empty gas tanks worldwide. John Ellis and Richard Haass unpack whether the U.S. has really clipped Iran’s wings or merely annoyed a country that can still turn the Strait of Hormuz into the world’s most expensive parking lot. They debate mines, drones, insurance panic, election math, and a White House strategy that may be improvising in real time. Along the way, Haass unveils his stark “we break it, you own it” doctrine for allies now stuck holding the bill. It is geopolitics as supply chain thriller, with a golf detour for recovery of morale. 

Hosted by John Ellis and Richard Haass

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Produced by Dale Eisinger