President Trump told CBS today the war with Iran could be over soon.
As I told @davidgura at @business last week¹, two forces will ultimately shape how and when this ends: markets and munitions².
Watch the oil, stock, and bond markets. And watch our supply of missiles (offensive and interceptors) and that of our regional partners. Expect a declaration of “victory” that trades one ayatollah for another.
¹In an interview for the Big Take podcast, Blinken and host David Gura discuss the Obama and Biden administrations’ efforts to avoid conflict with Iran, the unanticipated ways this war puts the US at risk and how the strikes could reshape the region.
https://youtu.be/aHgG-lkOi6w?is=UoIgw4KMjGQcwpfg²https://x.com/i/status/2031140878342041751
