David E. Sanger
speaker
1,917 appearances
16 recordings
1 series
first heard Dec 2024
last heard 23 Jul
David E. Sanger’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 11 in all, peaking in Jul 2026 with 2.
Appearances
But the bigger import of this is that it also suggests that Iran and Oman have some sovereign rights over this very narrow passageway that is also considered an international waterway.
And if you've got rights over it to charge tolls,
you may consider that you've got the right to shut it down in the future.
And if that's the case, then the world has changed in a very big way at the end of this war from the way it was before.
Well, it's a big win for us because we get to go back to something that approximates the conditions prior to President Trump's decision to go to war.
So, yes, that's a reason the markets reacted so well.
The price of oil dropped.
Hopefully, the price of gasoline will drop.
But over the long term,
If you have changed the concept of whether or not Iran has control over the strait,
Well, that's a huge change because in the 47 years of the Islamic Revolution, through the hostage crisis and the Iran-Iraq war and our attacks on their centrifuges, both covert in 2010 and overt last year when the facilities were bombed, the Iranians never thought seriously about trying to close the strait.
He twice noted the experience of Herbert Hoover, the 31st president, right, who presided over the stock market crash that led to the Great Depression.
And so it told you right away that a president who went into this war thinking first about Iran's nuclear and missile capability and the threats it poses had to emerge from it
because he feared plunging the United States into a recession at best.
For him, this is not just an economic calculation.
It's a political calculation.
His entire party was telling him that if these gas prices stayed up through the summer when everybody's driving into the midterms, that he's got a big problem.
And we all know that it's going to take months to have a significant economic impact for countries to be able to build up their reserves of oil again and for the prices to begin to drop in a serious way.
So if he didn't do it now, it wasn't going to happen before the midterm elections.
Yes, it was a pretty striking line from Senator Cassidy and similar to things we heard off the record until this agreement got published.
Showing 401–420 of 1,917 · page 21 of 96
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