JVL (Jonathan V. Last)

Like, that actually winds up being better for America than continuing to drag this out.

Because, I mean, you had Luke Russert on the other, you know, yesterday.

Yeah.

And he said, you know, hey, we're not going to have the straight open until the end of the summer, at least.

If true, let me put it this way.

If you could go back to the markets...

in the early April and say, by the way, the Strait of Hormuz is going to be closed through Labor Day, people would have lost their damn minds.

Because why not?

I mean, I wrote a long piece about this a couple months ago with a madman theory of the stock market, which is that madman theory doesn't do much for you in foreign policy.

But in the stock market, it does fundamentally change things.

When everybody knows that the market is constantly being manipulated and that everything is chaos...

It does mean that chaos is the baseline assumption.

And so why trade on that, right?

Or why trade down on that?

Instead, you just take whatever, whenever there is a momentary gain, go out and take the momentary gain because you know that it's all irrational fundamentally anyway.

I think that's where we are.

I mean, how do you think of it?

Yeah, I do too.

And in a weird way, I mean, nobody knows the extent to which the Iranian leadership is fractured or not.

But to the extent that it can be portrayed as fractured, that helps their negotiating position, right?