Iran War Appears to be Over: Strait of Hormuz Control and Yen Crisis Ensue

The Iran war appears to be over after US President Trump's latest threats proved to be a bluff, according to Mario Nawfal. The depletion of US long-range precision missiles and collapsing oil flows through the Strait of Hormuz have given Iran significant leverage.

Nawfal notes that a potential deal would effectively hand Tehran control over the strait, which is a major concern for global energy flows. This development has also intensified Japan's yen crisis and threatened to unravel the decades-old carry trade.

The conversation then turned to the parallel efforts by Saudi Arabia to contain Houthi attacks on oil facilities, raising questions about America's ability to project power. Nawfal points out that US intervention through swap lines is being used to try and stabilize the situation.