This Iran conflict could actually lower energy prices over time, saying a longstanding Iran terrorist premium has been keeping oil and gas costs at artificially elevated levels?

Maria, the historical context here is really interesting.

It was Madison and Jefferson who first cracked down on the Barbary Pirates.

They wanted tribute for ships to sail around.

And then a century later, Teddy Roosevelt, sailed the Great White Fleet, established this

doctrine of peace or strength.

This is where we are now with a fourth president, a great president, Donald Trump,

doing the same thing. I can't tell you what's going to happen in the short run, but here's what, Donald Trump, doing the same thing.

I can't tell you what's going to happen in the short run, but here's what's going to happen in the long run.

It all works for the United States and the rest of the world.

What Iran has shown unequivocally is that everything that comes out of that straight is going to move away from the Middle East,

whether it's oil and natural gas, helium, and aluminum. What's interesting is that the U.S.

is particularly well positioned for all of that. We have a strong position producing both

aluminum and helium, as well, of course, petroleum.

And that's the long game.

The other thing is, I think the Saudis, Qatar, UAE, Kuwait, they all have to understand if

there's going to be boots on the ground in that area, it's got to be their boots because it's time for them to protect their interests.

So that's where things are going.

And if Iran thinks it can play the long game, it's not going to work because the long game

basically takes them out of the whole equation.

And that's where things are headed right now.

Core pressures are more subdued, but doesn't energy create a spike of inflation, even if it is

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