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The Ricochet Superfeed

Three Martini Lunch: Betting on the Future When You Know the Future is Easy Money

The Ricochet Superfeed

Ricochet

News, Politics

4.4651 Ratings

🗓️ 24 April 2026

⏱️ 18 minutes

🧾️ Download transcript

Summary

Craig Collins remains in for Greg Corombus on Friday, and Craig and Jim start by noting the U.S. Navy’s success in capturing Iranian-flagged ships trying to run the blockade on Iran’s ports – while noting that the growing size of the “ghost fleet” in the past decade or so is a scandal. Speaking of ghosts, […]

Transcript

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0:00.0

Welcome to the three martini lunch.

0:06.4

Grab a stool next to Greg Carumbus of Radio America and Jim Garrity of National Review.

0:11.8

Three martini's coming up.

0:13.8

It is the three martini lunch.

0:15.8

My name is Craig Collins filling in for Greg.

0:17.9

You have Jim Garrity sitting there, of course, seemingly a little bit

0:22.5

high on a good draft for both of our teams. That seems like a good thing. High on something at this

0:27.4

hour of the day. Absolutely. We have lots of things to get to. Let's get right to the good.

0:33.4

The good of this day of this Friday is the U.S. Navy succeeding.

0:39.6

What do we have here, Jim?

0:41.1

Sure.

0:41.4

This is in the Wall Street Journal from this morning.

0:44.6

It says the Iranian flagged oil tanker Durina attempted to slip past the U.S. Navy blockade,

0:50.3

was headed out to the Indian Ocean, switched off its location signal and went dark.

0:55.9

But the Navy caught it.

1:05.4

And Thursday morning local time, a Navy destroyer was escorting the Dorino off the West Coast of India after foiling its attempt to escape and deliver its cargo.

1:11.6

In addition, they also had two other ship, Iranian flag ships, the Hero 2 and the Hetty.

1:17.0

They've also boarded a ship known as the Majestic X, which by the way is like one of my least favorite Marvel superhero characters, Majestic X, full of Iranian oil and sailing in the

1:22.7

Indian Ocean. Now, listeners may remember earlier in the week, we talked about a report

1:26.5

from Lloyd's List,

1:27.8

part of Lloyd's of London.

1:29.6

They had said that the 24 Iranian ships had escaped the blockade.

...

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