I'm John Bachelor. I welcome Gregory Copley, Defense and Foreign Affairs, my colleague and mentor, also

the author of the new book, Noble State, about constitutional monarchy, and we will address that

with some new reporting about King Charles III. We begin, however, with the headline that has

dominated the front page of the Financial Times for at least 18 hours.

Iran launches missiles at Israel and Gulf States, and then there are a series of still photos of burning vehicles of debris, smoke clouds rising over Tel Aviv, of a missile crashed in a garden without exploding, of torn

down sides of buildings. And they mentioned several cities in Israel and Beirut. So the violence

goes on. It's not being normalized. It's either escalating or people are getting used to living

with it. However, Gregory, a very good evening to you.

Three points of view is a way to organize the chaos of these last days. I want to look at the

prospects from Tehran's point of view. And my easy version of this is that Iran has arsenal

that it fires now and again. It has drones that it

shoots in all directions, including its Arab neighborhood. However, it chiefly has the Strait of Hormuz

and the ability to threaten it. Hence, 3,400 ships as of last Friday are trapped in the Gulf by the

Strait of Hormuz, and that is disrupting worldwide commerce, not only oil and gas, but also

as straightforward as fertilizer, and the crop must be planted soon. You choose corn, which

needs lots of nitrates, so you tune to soybean that doesn't.

And if you skimp on your corn, then the food chain changes all the way down to threatening worldwide food security.

This is not a local war.

This is a wider war.

So from Tehran's point of view, having lost layers of its leadership, it continues to

function as a hostile power. How does it see the world now, Gregory? Good evening to you.

Good evening, John. Well, I think the Iranians see this situation as it stands now after

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