China Found America’s Weak Spot. Then Iran Started Squeezing.
In the second half of Bubba and Pete’s Iran deep dive, the story shifts from how America got here to what may have gone wrong.
Pete breaks down the fallout from the U.S.-China trade fight, China’s control over critical rare earths, pressure on the bond market and why he believes Washington badly miscalculated the leverage China already possessed.
From there, the conversation moves through Russia, Venezuela and Iran, the Strait of Hormuz, global oil supplies, America’s Strategic Petroleum Reserve, the Houthis and the second major shipping chokepoint, before ending with an unexpected piece of…
The skinny
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