David Taylor

You don't have that usual flow of,

What information am I getting?

Where's the source?

How can I verify that source?

And then how can I convey that to an audience?

That process has been short-circuited, if you like.

So it's impossible to work out.

Based on what I've seen over the weekend, I would say that there is a real threat that over the next 48 hours,

there will be either a serious escalation of the war or Donald Trump will find another off-ramp.

But again, Carrington, this idea of an off-ramp, I'd never heard of an off-ramp before this Iran war started.

I mean, what is an off-ramp?

I mean, I think of a boat coming off a ramp just in my own head.

That's what I think of an off-ramp or a car.

And to think of it as a strategy to exit a major war just annoys me.

You've been in Washington, though.

When you're with the press gallery in Washington, what is the sense from other American journalists?

Do they take every word verbatim?

Look, I go by the efficient markets hypothesis, and I do believe that I'm a markets purist.

I do believe that markets are telling a story.

And what was interesting last Thursday when Donald Trump was speaking and everyone wanted to know every word of that announcement, that update on Iran,