I'm John Batchler. I welcome my colleague and friend Gregory Copley, Defense and Foreign Affairs,

return from Europe. They're looking at headlines that are pointing to trouble, but it is very

difficult to generalize because the theater is nine to 12 hours before the clock in America,

so we're getting things halfway through the day. This is a London headline later in the European day.

Stocks and bonds tumble as investors price in what is called, in quotes, a protracted energy

shock.

Subhead, Iranian strikes on Qatarian gas complex send U.S. and European markets reeling.

Trump, his subhead, says he rebuked Netanyahu after the attack on the Iran's gas fields.

For that, Iran countered by attacking Qatar gas fields, and that led to the price spike in Europe,

so that natural gas, which we have abundance of in America, not in Europe, natural gas climbed

25 to 50 percent immediately. Energy in general has been climbing, but natural gas was a blow. The presumption was Iran would not

attack a Qatari gas field where a vast amount of gas flows liquefied natural gas to Asia. So it's not

just Europe now. It's also China and India and Japan. All of the Asian countries are now at risk. This is a global war.

It is nowhere near a middle-class, a middle-eastern war anymore. Gregory, a very good evening to you.

I could go on with negative headlines. We do have one from the Wall Street Journal that may be

pertinent. The president says,

we're not putting troops anywhere, end quote. That is difficult to be certain that that will stay

because conditions are changing day to day. I want to begin with the energy picture.

Right now, we're told that the central banks and the supply and the

shadow fleet can all patch together enough oil and gas to keep the economies flowing so far. But that

if oil touches 138 for weeks, there's a recession. And there's no quote about natural gas. That's

too fresh. They haven't calculated it. It has doubled in the markets, in the future markets,

...