Dana El-Kurd

In California, there's some areas where you're paying like $750 a gallon.

Good Lord.

It's gone up by about a dollar where I live.

It looks fairly credible.

There was a lot of fear that like kind of the worst case scenario would be that oil gets anywhere near like $200 a gallon.

Or $10 a barrel, not a gallon, sorry.

That would be real bad.

But what we're looking at right now, there's credible reason to expect that this stuff won't peak any lower than about $175 a barrel, which is pretty catastrophic for the U.S.

economy and the global economy as a whole.

Nightmare.

It's bad.

And Trump has been, I think, increasingly making it clear that he is looking for an off-ramp.

There's a lot of reporting from inside the administration that suggests they did not think things would still be going on this long, that they thought that after the first rank of Iranian leaders were kind of wiped out, the guys behind them would be willing to play ball with the administration in exchange for staying in power, which is more or less the offer that we gave –

Delcy Rodriguez in Venezuela and the Venezuelan regime, the people who kind of were behind Maduro were willing to take.

But Iran is a very different country and they're in a very different situation and they have a very different military and they have a very different physical strategic situation than Venezuela does than any other country that the United States has attempted to use these kind of like violent tactics.

bullying tactics on.

And so far, Iran does not seem to be interested in coming to the table.

Trump has made a couple of statements about how we're working on getting out of this.

You know, we've presented an option to the Iranian government that would basically allow them to get rid of all of the sanctions if they just promise to stop enriching uranium and to hand over everything that they do have and to never try to get a nuke.

I think it's pretty clear they're not willing to make that promise anymore.