Steve Yates

speaker

1,090 appearances 8 recordings 3 series first heard Feb 2026 last heard 12 Sep

Steve Yates’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 8 in all, peaking in Sep 2026 with 1.

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But if you look at the UAE, Saudi Arabia, Japan, they see skin in the game and they're going to step in and play some roles.

And the administration in going through this more protracted period of risk is ensuring some of that.

Does that make it genius or by accident?

We don't really get to know and historians will write it after the fact.

And of course, they'll be right and we'll all be wrong.

But for now, I do see some of those shifting tectonic plates that help shape what post-major military operations would look like.

And America is still going to have to play a role, but it's not going to be the only role and definitely not the only financier of this.

And so-

I'd say in another two to four weeks, we should see a different reality in the movement of vessels and the Straits of Hormuz.

How we get there, we have fog right now.

I think we just have to acknowledge that we don't have perfect visibility.

And for all we know, the administration doesn't have perfect visibility.

But it's better than going in Iraq style and saying we're going to do it all ourselves and we're going to run this show.

Well, I don't have great answers to how you resolve it, frankly, just because this is a hard and complicated thing.

Global energy markets are a big, important factor.

People don't want to admit it.

It's not only about the flow of energy and the flow of money, but whether you like it or not, that's the oxygen that allows the world to live.

And so it does matter.

We have...

in the past, gone through periods of big uncertainty, high prices.

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