Ryan Knudson

So I actually want to back up for a second to make sure I understand this correctly.

So Iran has the control of the Strait of Hormuz.

Trump is frustrated by that.

And so he makes a threat, right?

He says that I'm going to escalate by bombing energy infrastructure if Iran doesn't reopen this.

And then he said, actually, there's been productive talks.

We're going to not do that yet.

Iranians also said there actually weren't any talks taking place between the U.S.

and Iran.

So it's a little unclear what's happening.

Under what conditions does Iran say it will end the war?

Wow, that does not sound like a country that's negotiating from a position of weakness.

They're asking for the whole shebang, basically.

So it seems like the U.S.

and Iran are extremely far apart on coming to any sort of agreement over how to resolve this conflict.

If Iran were to control the Strait of Hormuz indefinitely, oil prices would remain high, affecting everything from the price of gas to food to plastics.

And at this point, it appears reopening the Strait will take months, meaning what was once envisioned as a short military excursion could turn into something much longer.

How do you see this ending?

— On Tuesday, the Pentagon said it was planning to order a deployment of 3,000 soldiers to the Middle East in order to support operations in Iran.

That's all for today, Tuesday, March 24th.