Ryan Petersen

You got to plan as if it's not, though.

And we really take this for granted.

I mean, it didn't used to be like this.

It used to be worse.

Before World War II, if you wanted to do trade anywhere, you sort of... Countries just traded with their own colonies and, like, most...

Remember, like, you know, before, during the British Empire and prior, centuries prior, like, if you wanted to do trade, you put a bunch of cannons on your merchant and you sailed around the world ready to blast anybody, you know?

And it was, like, way worse.

And we got to the world order that we have today after World War II with the U.S.

Navy, right?

Basically providing protection and freedom of navigation and saying, hey, no, you know, you can say anyone can sail anywhere.

U.S.

Navy will protect the sea lanes and you could open up trade.

And so that's why this is so such a fundamental challenge.

The Red Sea first and now.

And now the Persian Gulf, because it's a challenge to that global order.

It's like, is the U.S.

Navy capable of opening the Strait of Hormuz?

And we've already seen they're not capable of opening the Red Sea.

They tried.

The Supercarrier Task Force and a small group of rebels in Yemen prevailed and have continued to make it so that the container ships have to go around.