Everyone wants to know who is winning. Iran or America. Russia or Ukraine. China or the West. I think we're asking the wrong question. The better question is whether anyone can actually afford to win anymore. This episode explores the Strait of Hormuz, the evolving negotiations with Iran, the differences between today's conflict and past agreements, and why drone warfare is reshaping military strategy across the globe. We connect oil, inflation, economic warfare, and investing into one larger conversation about leverage, resilience, and power.

Because the next great conflict may not be fought in trenches—it may be fought in markets, supply chains, and systems.