Damian Paletta

And so for them, they can show that they are still internationally relevant and that they still have this new way to control global trade.

They're able, with gas prices soaring, they're able to find ways to make more revenue.

So they're still there.

There's a version of their regime that exists.

I mean, it's the Middle East, so most ceasefires do fall apart.

There's a lot of characters and actors with a lot of weapons, with a lot of motives.

How does Israel act in the next two weeks?

How did the Iranian proxies act in the next two weeks?

Is there a centralized Iranian government where one leader can tell the other parts to stop, put down your weapons?

I don't know.

We haven't really been tested that way in terms of the new global dynamics.

So I think there's a lot of things that could go wrong.

Well, it's a real challenge in terms of following the reporting because there's been many times in his second term when, whether it's tariffs or other foreign policy matters, he'll threaten something and then oftentimes look for an off-ramp right at the last minute.

So, you know, his critics call this the taco.

Trump always chickens out.

And their theory is...

The markets shouldn't get too worried because he's not going to end up doing something that's going to have dramatic impacts on, you know, the stock prices or gas prices.

But there are times when he does it, when he does go into Venezuela, when he does bomb Iran.

And so he always does have this element of keeping people, everyone off guard and on their toes.

And so here we were again.