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Jeff, thanks all for doing this.

Great to be with you.

Where does it go from here, the war in Iran?

You know, we always talk about the fork in the road.

We're really at a decisive moment.

There's an off-ramp.

It's definitely, definitely, definitely the one that we should be taking.

We should be avoiding a return to outright bombing, to renewed military action.

That's a very real possibility.

And the other possibility, in my view, is pretty much an uncontrolled escalation into full-blown war that would become a regional war and that could become a world war.

I think we're really at that moment right now.

Maybe that sounds naive because why not next week?

Why not the week after?

Why not the week after?

But the problem is that we're not in a

stable situation where we can choose one or the other. We're in an unstable situation. As we speak,

the world economy is reeling. It's reeling because, as everybody has learned in their geography in the last few weeks,

the Strait of Hormuz is closed.

...