I'm John Bachelor with Professor Richard Epstein of Civitas Institute.

The headlines from the Middle East are alarming, but there is a picture here emerging of an attack on Iran that's leading to

collateral damage in every part of the globe, every part. Yesterday there was a report about not just oil, but what's coming out of the Gulf is critical

for sulfur, helium, and bromine.

Bromine is a fancy way of saying the Dead Sea.

Why?

Because all three of those, what are called niche commodities, are necessary for the highest end chips in reality,

the TSM assembly of NVIDIA's high chip.

And all of that is not moving.

In other words, if you think you're exempt from the war over the Strait of Hormuz right now, you're wrong.

Professor, none of this looks to have been prepped by the administration.

We're now completely at sea.

Your comments about how they can shut this down before it gets worse.

God knows.

I mean, keeping maximum pressure is there,

but what you have to do is find ways to ship stuff by air,

so as to avoid the particular problem.

And if you're talking about stuff that is used for computed ships,

you're not talking, I guess,

although I speak out of ignorance here,

about tons and tons of material. So you have to find alternative pathway. And in terms of the oil

stuff, we could now see the calamitous effects of all the policies that have been made,

...