... → global recession (possibly already too late). • Plan to open the Strait does not exist. • US can’t combat Iran’s navy tools (thousands of small drones, speed boats, mines). • Naval escorts for tankers are theoretically possible but impractical: Would require entire US Navy (≈100 tankers/day need escort). • US can’t combat Iran’s #drone war. • Persian Gulf countries are running out of interceptors. • Trump has no endgame/ no off-ramp.