Hello and thanks for another episode of Geopower Energy Real Politics.

I'm your host, Todd Royal, and I've got a very special guest back, Duneberg.

Duneberg is one of the top writers on energy, geopolitics, finance on Substack.

You can find them also at Duneberg.com.

He's really an industry standard now if you want to learn about energy and folks we talk about real politics.

He talks about it.

So for that, I just want to welcome Duneberg. Thank you for being back on the show. Todd, good to see you again, my friend. It's been too long. It has been too long. And we've had some changes. And really, there's nothing to talk about. So tell me about your summer vacation plans. Just picked up my daughter from college yesterday.

You know how it goes.

Yeah.

We'll talk about what outfits you're going to wear and your favorite barbecue boxes.

Yeah, exactly.

Let's dive into this.

Obviously, we know with Iran, it's changing daily.

Straight of Hormuz with the energy issue

is, you know, prices are all over the place.

Just tell me what you think as far as where we are with Iran and where do you see this

going for the next two to three months, and now it's going to affect the midterms.

Yeah, look, I think, as you probably know,

we have been operating under the mental model

that World War III kicked off in 2014,

and that the battle for Iran is just one,

albeit really important battle in that broader struggle for global economic primacy.

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