Negotiations between President Trump’s envoys and those of the Islamic Republic of Iran were postponed. Operation Epic Fury halts in an uneasy ceasefire as Operation Economic Fury begins cutting off Tehran’s revenue streams.

The Strait of Hormuz is not yet a safe space. FDD Research Fellow Max Meizlish, a former Treasury official, and Adjunct Fellow Joseph Zacks, a former CIA official, join host Cliff May to take stock.