This is a

is CBS, I on the world. I'm John Bachelor. I welcome Colonel Jeff McCausen,

United States Army Retired Artillery Men, CBS News, visiting Professor Dickinson College, Diamond Six

Leadership and Strategy CEO. Jeff, welcome back and I have a cacophony of reports from the Middle East, none of them positive.

The UK is considering strikes on the Huthies in Yemen, writes the Telegraph.

After they launch their large, the Huthies launched their largest attack targeting British and American warships in the Red Sea.

That was hours ago.

Now, most recently, information from the Gulf of Oman that the Iranian Navy, credited by

Iranian media in Blackcar, Mast, have seized a tanker, Marshall Islands flag tanker, filled with the rocky oil that was

bound for Turkey.

This same tanker, according to Iranian media, was seized by the U.S. in violation of sanctions some year past. The

tanker by Iranian media is said to have been guided to an Iranian port. At the same time, the Huthies are not solved in the Red Sea, the

Huthies working as surrogates for the Iranian military, the IRGC. I'll stop there because this is about economic conflict.

The tanker is now going to mean higher insurance rates for coming out of the Gulf. The arrows thrown into the

Red Sea have already led to companies paying higher insurance rates or going

all the way around the Cape of Good Hope. This is costing capitalism money.

That's a good reason to settle and there was a rumor earlier in the week that Meersk and

perhaps one other large shipping firm was paying protection money to the huthies.

I welcome you back to a landscape that looks very much like a wider war and Iran is no longer

the hidden hand.

Is that significant, Jeff, that they're coming out from behind the curtain.

Good evening to you.

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