The Iran War (was Nuclear Program) thread

[jon-nyc]

Someone on Twitter pointed out Trump started out the year talking about affordability, then with the Iraq war, made one of the few policy decisions Trump could that would simultaneously raise gas prices and mortgage rates.

[jon-nyc]

[jon-nyc]

I wonder what price of oil is required at equilibrium to destroy 10% of global demand. And 20%, etc.

[Mik]

Well, here's the gift. We still don't know who is giving it.

https://www.msn.com/en-us/news/world/trump-ends-worldwide-guessing-game-about-what-iran-actually-gifted-to-the-us/ar-AA1ZtAkO

[Renauda]

@jon-nyc said:

I wonder what price of oil is required at equilibrium to destroy 10% of global demand. And 20%, etc.

Good question. Not sure if anyone knows at this point.

[AndyD]

All news TV is about an 80 year old stuck in a quagmire.
Or rather, quicksand.

Can his redoubtable team come up trumps?

[jon-nyc]

Matters less than it might seem but interesting all the same.

[AndyD]

Interesting graphic

[Mik]

It is. Interesting way to show it. I'd imagine Iran is getting some pretty serious pressure to open it up. But I hate to see other countries struggle with energy for this war.

[jon-nyc]

[Andrea B]

Jeezel, Pete.

[jon-nyc]

#3 is debatable, but no doubt this is yet another example that shows why mid-tier powers will want nukes.

The question is will it have been worth it when it’s over.

[jon-nyc]

Us giving up with the strait still closed seems like among the worst outcomes we might have realistically imagined.

Trump thinks he can will the W into reality by repeating it and hearing from his yes-men but the whole world will know it’s a massive L.

(Tweet author is WSJ reporter on national security beat.)