Greg Ip

They have a lot of drones.

They can hold out for a long time.

This conflict has been going on at one level or another for 50 years.

They can certainly hold out a little bit longer.

Yeah.

On the other hand, a lot of things are going against them.

Their population is angry at them.

Their defenses have been shown to be very weak and so forth.

I think the president is hoping that he maybe ends up in a Venezuela-like situation where the regime stays in place, but basically agrees to start behaving in a less confrontational way.

Will that happen?

I don't know.

As you said, these are geopolitics.

Nobody should be too confident.

Thanks for having me.

A lot of it transfers through that area because the Gulf carriers, the Middle Eastern carriers, have tremendously significant air cargo programs.

So it's much easier.

It's a lot shorter transit time.

Granted, the cost is more significant.

You know, the war in Ukraine has effectively shut off Russian airspace.

And so the same flights that now fly have to fly a longer route.