Bob Pittman

Stock futures are down

0.67%, not terrible, right?

Yeah, it's not phenomenal, but nothing catastrophic by any means.

Everybody still seems to think some sort of inevitable taco is going to happen.

But I mean, from all the oil analysts and others that we've spoken to and all of the others, the amount of storage, like the storage has dried up in the Gulf.

They already had to cut production.

Damage has been done to multiple different oil and gas facilities.

The holdup on fertilizer and natural gas and on what else?

Helium is already going to show up in the global supply chain.

We will live with this for months.

And even with the naval blockade, CENTCOM announcing this morning, I was just taking a look, that every ship in and out will be subject to U.S.

inspection.

So that's, I mean, this could be,

So like Iraq in the 90s, we had a no-fly zone over Iraq in the 90s.

This was a precursor to the war with Iraq because they would always say, oh, Saddam violated the no-fly zone, whatever.

But my point is just like that took billions of dollars.

It actually cost lives.

It ended up being just some sort of permanent empire mission over Iraq for nothing really after the original Gulf War.

And this very much could be where Trump doesn't want to restart the war, but we just have this multibillion-dollar boondoggle, Straits of Hormuz situation.

Iran can continue to suffer.