Dr. Janice Stein

what changed as a result of this war, all right?

One, the Iranians discovered the Strait of Hormuz, which that is a real asset that they can deploy regardless of what's on paper.

They can close that strait any time now.

They know they can, and they know that is something that every Gulf state doesn't want to see, all right?

The whole world doesn't want to see it.

They have a valuable asset they have never used before.

They finally used it.

That's far more valuable to them than a nuclear program that is going to be under surveillance forever, frankly, by everybody.

That's number one.

Number two, and I hate to say this, the United States discovered that its missile defense program

It doesn't cut it because when you're spending a million dollars to knock out a $50,000 drone, that is not effective.

And we're going to see a radical change in what the United States is going to do over the next few years.

And that may have bought them time, frankly.

When you look at everybody is saying what a risk this is in the Indo-Pacific because they've left themselves so exposed.

I actually think about it the other way.

They've learned something very valuable.

before they were tested in the Indo-Pacific because a version of this could have happened there too, frankly, and it would have been much tougher for them.

So you're going to see wholesale changes in how the United States buys and what it buys.

I hope Canadians are paying attention.

It's a slog, Peter.