They Don't Want the Smoke

The podcast analyzes the escalating conflict between Iran, the US, and Israel, focusing on the potential impact on global oil supplies and geopolitical stability. It questions whether Iran's threats to the Strait of Hormuz are credible, considering recent data showing a decline in drone attacks and the potential for punitive actions by the US and Israel. The conversation explores analogies to past conflicts, such as Serbia in 1999 and the Houthi situation in the Red Sea, to understand the current dynamics. The hosts debate whether the US is signaling a shift towards a more isolationist foreign policy, and also consider the roles of China and India in the conflict, as major consumers of oil.