Saagar Enjeti

Wars really reveal what the actual power dynamics are.

And Iran has proven that there is effectively no military operation that could take back control of the Strait of Hormuz.

There is going to be a new reality there, period, end of story.

That is going to be consequential not only in terms of Iran becoming tremendously, I mean, quite wealthy.

Wealthy.

From the toll that they're going to be able to charge and having incredible power.

Now, they have effectively the ability to sanction countries and wield levers that they did not have before.

So you have the rise of Iran as this new fourth world power.

But you're going to have other countries around the world who are like, hey, we've got a key waterway here as well.

Why can't we do what the Iranians do?

Why can't we also charge a toll?

If they're going to do it, we're going to take advantage of that, too.

So this is a whole new world, and the oil industry executives can bitch and moan all they want.

But at the end of the day, I'm sure the Trump administration would love to figure out how to get the straightforward moves back to the status quo that existed before they themselves started this incredibly stupid war.

If they knew how to do that, they would have already done it.

It's crazy.

And imagine over in Yemen, the Houthis look at this and they're like, oh, Bab el-Mandab Strait, which is at least as important as the Strait of Hormuz, also very critical choke point.

Yemen has been a very poor country.

Imagine they're like, okay, we'll set up a toll.

And they've got Iranian support and access to those Shahid drones and what they need.