Katty Kay

We'll put it in the newsletter, but I really urge you to read it.

It's one of the best things on Iran at the moment.

His argument is we're never going back to the status quo ante.

Trump can't wrestle control of the Strait of Hormuz from the Iranians because the Iranians will just attack neighboring countries and neighboring energy facilities, and that will have a massive ripple effect around the world.

So we're actually leaving the situation in a worse position because the Iranians do de facto and will do going forward have some control over the Strait of Hormuz.

That's just the way it's going to be.

And with the revenue that they make from that, they're going to rebuild their ballistic missiles and they'll move fast to rebuild their nuclear arsenal as well.

Where does Trump think this is going?

Are there any smart ideas inside the White House at the moment about how to avoid what looks like a pretty catastrophic defeat?

I mean, Kagan is even saying it's defeat and just he's going to have to accept defeat and hope that the American voters forget that he was defeated.

That regime was kind of on the ropes before the war started, right?

The economy was terrible.

Yes, they'd killed thousands of people in January because they had to.

And if anything, this seems to have made the regime more solidified.

So long as gas prices come down.

It's such a good point because actually what cities are overwhelmingly democratic, cities are the places where you have public transport networks.

The people who have to drive to their health care job, to their manufacturing job, to their farming job, they tend to be more of Donald Trump's base.

And they're the ones that were hit by tariffs in the first place and are now being hit by the high gas prices.

Are you seeing any signs, Eugene, that that's having an impact on Trump's... I know, obviously, it's having an impact on the polling.

We're all seeing the impact on the polling.