July 31, 2026
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8:02Now PlayingDonald Trump’s Iran war has become a military, diplomatic, and economic disaster with no clear exit strategy. American bases across the Middle East are increasingly vulnerable, the Strait of Hormuz remains effectively closed, and attacks on Saudi oil infrastructure threaten to eliminate one of the few remaining alternatives for moving energy out of the region.
Luke examines why the United States may no longer be capable of achieving its military objectives, protecting its regional allies, or forcing Iran back into a diplomatic process. The consequences could extend far beyond the battlefield. Continued disruption to oil, liquefied natural gas, and petrochemical exports could produce record fuel prices, global instability, and a severe energy shock affecting economies around the world.
The larger question is how the Trump administration allowed the conflict to reach this point. Rather than relying on military expertise or developing realistic war aims, Trump appears trapped by his own instincts, advisers, and relationship with the Israeli government. Every attempted solution now risks worsening the crisis.
Listen to the full conversation over on Luke’s Substack
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