Roger Griffiths

So

Why is that?

Why does, on one hand, the president believe that he seemingly can wait Iran out?

There's a lot of talk about Iranian oil production running out of storage.

And then if they have to shut in their wells, that could do permanent damage to their energy industry.

The president seems to be putting a lot of hope.

But the Iranians have talked about the three M's, markets, munitions, and midterm elections as the primary vulnerabilities that this president faces.

It's hard.

I don't sympathize with the Iranians at all, but it's hard not to.

think that they must be thinking that their maximum leverage is now, that after the midterms, or even as we get closer to the midterms, if the president feels that he can't turn the midterms around, then his attitudes towards Iran and his actions may subsequently change.

But the next few weeks, extending into the next month or so, this, Janice, similarly must be, from an Iranian point of view, the window of maximum leverage.

Trains to China.

Yeah.

I think the DNR, the Iranian DNR to the dollar, $1.8 million just this week, an all-time.

an all-time low, so hyperinflation has effectively set in.

Yeah.

So as we wrap up this, the complimentary front half of Friday Focus, what do you give the odds that

one or both sides reverts to force to break out of this stalemate?

Because you could see potentially two scenarios.

One, that the blockade, I mean, Iran this week already seems to be telegraphing that they considered the blockade an act of war and that a state of war has continued.