Patricia Cohen

But the world is an interconnected place, and it's just going to remain that way.

I mean, look, this is just like we were talking about the United States.

It's one of the biggest producers of energy in the world, but it's still subject to global prices.

I think one of the surprises of this war has been how effective Iran's responses have been.

I mean, it's so much weaker relative to the United States and Israel, and yet it's been able to exert enormous leverage over the global economy.

It does speak to the changing nature of warfare.

Exactly.

I mean, we've just talked about this one attack that happened last week and how that could have an impact a few years down the road.

What happens if there's more damage to Qatar's gas fields and to other processing facilities in the region, not only in Qatar but in Saudi Arabia and other places?

So that's a big worry.

Right.

I mean, there does seem to be a seeming miscalculation on the part of the administration.

Yeah, and I think what's been overlooked in terms of decision-making is that the people in control of Iran now see this as an existential threat.

And so it is their survival, and therefore they are willing to do anything it takes.

And I think the other thing that people didn't really think about was just how far the ripple effects could go.

I mean, you have three countries, the U.S.

and Israel—

at war with Iran and Iran responding.

And meanwhile, you're feeling the effects halfway around the world.

I mean, every country, every spot around the globe is feeling the impact of this.