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 rise of drone warfare, and the economic realities reshaping modern conflict. We examine why military power alone is no longer enough, how leverage has become the new battlefield, and why energy, inflation, supply chains, and investing are all connected. Because the next great war may not be fought in trenches—it may be fought through economics.