Daniel Yergin

Now, a big portion of them are in China.

But China is also really, you know, they have reoriented their exports much more to outside the United States and even Europe to the developing world.

And they're going to really be pushing their electric cars.

But of course, you do need reliable electricity supplies if you're going to have penetration of electric cars.

They would do scenarios about it, but assume that all these things could happen, but not that.

Well, I think it was the war.

Here's a war in which the United States, the mightiest military, was at war with the country.

I heard somebody remark the other day, half the GDP of Belgium, but with a lot of missiles and a lot of drones, and kind of leading to a standoff.

And it was a moment for Iran to pounce.

Even though the very senior leadership was destroyed right at the beginning of the war, clearly they had decentralized.

This was a war.

When you look at the amount of drones and missiles they had and they continue to have, this is a war that they had prepared for for a long time, the struggle with the United States.

And they seized the moment.

And, you know, maybe it was the advent of drones that was able for them to pull off

saying that we control the strait and when you send your ship through the strait, you'll follow the route that we tell you.

And by the way, it's actually a canal and you're going to pay a toll and the toll is going to go to the IRGC.

Maybe it was the capability of drones that enabled that.

Yeah, I was thinking, you know, the beta test for World War II was the Spanish Civil War.

And in a sense, the beta test for the new world of warfare is Ukraine.

And now we've seen it played out in the Gulf with what Iran does.