Transcript [00:00] Hey everybody. So, in this video I'd [00:01] like to focus on the economic aspects of [00:04] the war in Iran, not just how things are [00:07] affecting Iran. We will talk about how [00:09] the economic blockade and the other [00:11] things the United States [00:12] is doing is [00:14] all those things are affecting Iran and [00:16] moving it towards collapse, but we're [00:18] also going to talk about the later part [00:20] of the video how [00:22] well some of the moves that the United [00:23] States is making to support [00:26] to support allies [00:28] at this time, to support allies [00:30] economically, and which is also I think [00:32] part of the fuller picture of the [00:34] economic warfare. So, we're going to [00:36] we're going to start with an excerpt of [00:39] an excerpt from Victor Davis Hanson's [00:41] most recent update. We're not going to [00:42] play his whole update, just a piece of [00:43] it. [00:44] And then we are going to see a few clips [00:47] from US Treasury Secretary Scott [00:49] Bessent, and that will round out the [00:51] picture. So, let's go ahead and first [00:55] watch a short clip of Victor Davis [00:58] Hanson. [01:01] That said, what do we do this point? [01:04] There is a blockade. Time is on our [01:06] side. [01:08] The Iranians' strategy has been [01:11] delay, negotiate, delay, lie, backpedal, [01:15] go forward, confuse, delay, delay, [01:17] delay. Why are they trying to do it? [01:19] They're hoping that public opinion in [01:21] the United States [01:23] on the side of the left as we've said [01:24] before. [01:26] We have Senator Murphy saying it's [01:27] awesome when he digests property down [01:30] there from the Iranian Ministry of [01:31] Information and says it boats have [01:34] broken the blockade. He likes that. They [01:36] they pick up on that. They absorb it. [01:38] And that gives them confidence to keep [01:40] delaying. They feel that they can last [01:43] for 6 months. They cannot last for 6 [01:45] months. [01:46] The blockade is working. The debanking [01:49] is working. Their oil wells are reaching [01:51] a critical point in a week or so where [01:54] they either have to shut down with [01:56] irreparable damage or they have to find [01:59] some cast-off tankers or somebody to [02:01] store this oil that's coming out of the [02:02] ground or maybe just to dig holes and [02:05] pump it in, but they are desperate. [02:07] They're losing $400 million in economic [02:10] input, and it's starting to hurt [02:12] all four of these cliques who claim [02:14] cliques that [02:16] um [02:17] that claim they represent the [02:18] government. So, what are what are we [02:20] supposed to do about? I would suggest [02:22] that Donald Trump does not differentiate [02:26] these PT boats, whether they're laying [02:28] mines or boarding ships. [02:30] Whatever they are doing, they should not [02:33] be in the Straits of Hormuz. We should [02:35] have an ultimatum that says any boat for [02:38] any reason that's a military craft that [02:41] leaves an Iranian port should be [02:43] considered an enemy engaged in hostile [02:46] action, whether it's boarding tankers [02:49] or it's laying mines, and they will be [02:51] destroyed. That's all they have. That's [02:53] the only military arm that matters now. [02:56] We're not going to go in there on the [02:57] ground and fight their army. Their air [02:59] defenses are shot. Their navy otherwise [03:02] is destroyed as is their air force. Just [03:04] finish the job and say nobody [03:07] gets in any ship that's a military craft [03:11] and gets into the Gulf. [03:12] And then [03:14] at some point if in 2 weeks, I would [03:17] give a week or two, and if these demands [03:21] are not made that they surrender their [03:22] enriched uranium, they surrender their [03:25] ballistic missile fleet, [03:27] and they cut off the subsidies to their [03:30] terrorist proxies, then the United [03:32] States says [03:34] um [03:35] these are the targets that are going to [03:37] be hit, and then we're going to go home. [03:39] We don't have to say we're going to go [03:40] home, but we should just go home. [03:43] And those targets would be a series of [03:45] bridges, [03:46] transportation hubs, um media, [03:49] television stations, and if you want [03:52] bridges that have dual use for the [03:54] military. They don't have to be done all [03:56] at once. They just say [03:59] if you're not going to negotiate [03:59] [clears throat] [04:01] and you insist on retaining the [04:03] possibility or the chance or the real [04:05] viability of a nuclear weapons program, [04:08] and you're still going to build drones [04:10] and ballistic missiles and attack your [04:12] neighbors and disrupt the oil supply of [04:14] the Gulf, [04:15] attack Israel and kill Americans, then [04:19] this is what's going to happen. We are [04:20] going to systematically start to hit [04:23] things to accelerate the economic [04:26] blockade. And I think very quickly they [04:28] will concede. If they do not concede, we [04:31] will should just systematically go down [04:33] the list of targets, and then when we [04:36] reach a point in which our military [04:38] feels that we've so crippled the [04:41] military industrial complex and the [04:44] nuclear complex of Iran that we can go [04:47] home, we can leave a carrier on rotating [04:49] duty [04:51] near the Gulf [04:52] and go Persian Gulf and go home and [04:55] concentrate on the economy. And I think [04:58] Iran will look at themselves and they'll [04:59] see that we have no economy. We're flat [05:02] broke. We've lost 50-year investments, [05:04] probably half a trillion dollars of [05:06] military infrastructure and weapons [05:08] arsenal, and the people will take care [05:11] of the rest, the Iranian people. [05:13] Thank you very much. This is Victor [05:14] Davis [05:16] Okay. So, let's just sum up what we [05:17] heard there [05:18] from from Victor Davis Hanson. [05:21] That you know, the this this economic [05:24] warfare is absolutely working. $400 to [05:27] $500 million a day are being lost by the [05:30] Iranian regime. Very soon they're not [05:31] going to be able to pay their people. [05:33] And his attitude is let's just keep up [05:35] the pressure and you know, keep pressing [05:38] forward and let the Iranian people do [05:41] the rest when when these guys finally, [05:43] you know, when things when things come [05:45] to a head, which they're going to in the [05:46] next couple of days. [05:48] Now, I saw a clip on um [05:51] on Fox News of Scott Bessent, the [05:54] Treasury Secretary, where he was on [05:56] Kudlow and he and he was talking about [06:00] going to watch this whole clip either. [06:01] Just he talks about the economic [06:03] warfare, and he said some things that I [06:05] wasn't fully aware of. I thought it was [06:06] very illuminating. I wanted to share it [06:08] with you in terms of what the United [06:10] States is actually doing [06:12] economically to target the Iranian [06:14] regime. Here we go. [06:18] All right. Operation Economic Fury is [06:21] helping to win the war. Coming from the [06:22] Treasury Department, we welcome back [06:25] Treasury Secretary Mr. Scott Bessent. [06:27] Mr. Secretary, thank you for this. I [06:29] know you're a very busy chap, but you [06:31] know, your [06:32] your economic fury is doing a lot, and [06:34] it's sort of offshore bank accounts and [06:38] shipping issues. And I love this, the [06:40] teapot refiners off of the coast of [06:43] China. Can you just tell us a little [06:44] more about this because I think you this [06:46] is going to be very powerful stuff and [06:49] is already having an impact. [06:52] Larry, good to be with you. And to be [06:55] clear, [06:56] the president gave the operation gave [06:58] the order for max pressure campaign more [07:01] than a year ago. He gave it to me and [07:03] Treasury last March. It was that [07:06] pressure that brought the Iranian [07:08] economy the to a standstill in December [07:12] that led to the uh led to the protest. [07:15] The largest bank in Iran collapsed. The [07:17] Central Bank had demonetized the debt, [07:20] and that created massive inflation. [07:23] Their currency is down about 60 or 70% [07:27] versus the US dollar. So, they're in the [07:29] middle of a currency crisis. And what [07:31] we're doing now is you know, we we we've [07:34] been in a long race, and we are [07:36] sprinting for the finish line. President [07:38] Trump told me 3 weeks ago to the up the [07:42] pressure again, and we have gone to uh [07:46] the buyers of [07:48] Iranian oil and told them that we are [07:51] going we are willing to do secondary [07:54] sanctions that on your industries, on [07:56] your banks [07:58] who tolerate Iranian oil in their [08:01] system. One of the big mistakes out of [08:04] many that the Iranian leadership made [08:06] was bombing their GCC counterparts [08:09] because for years we had heard that [08:11] there was no IRGC money [08:13] in their bank accounts. Now they become [08:15] more transparent, and we are freezing [08:18] those bank accounts for the Iranian [08:20] people. And you know, we we can see that [08:24] every day it is more pressure on the [08:26] regime. The retirement funds that they [08:28] thought that they had outside of Iran, [08:31] we are freezing. We're holding those for [08:33] the Iranian people. Same with all their [08:36] villas in the South of France and all [08:37] over the world. We are going to track [08:40] them down, and we are going to continue [08:44] at this [08:45] the economic pressure as well as the the [08:48] block on the Strait of Hormuz. I mean, [08:51] these IRGC thugs, they've been looting [08:54] and robbing Iranian citizens for decades [08:56] and decades, and you're finally catching [08:58] up to You're actually in some cases [09:00] seizing assets, aren't you not? [09:03] Uh that's right, Larry. Uh we we were [09:05] able to the grab about 350 million the [09:10] crypto assets, and then on top of [09:13] another hundred that we had recently [09:15] gotten. So, we're almost at half a [09:17] billion there. And we are we are [09:20] freezing bank accounts everywhere. More [09:23] importantly, we are making people less [09:25] willing to deal with the regime. And [09:27] then so, it's the economic fury along [09:30] with the blockade because now [09:33] the [09:34] the port at Kharg Island is at a virtual [09:37] standstill in terms of loadings. We [09:40] think that the Iranian [09:43] storage will be full soon. They'll have [09:45] to start [09:48] tapping in their wells, which will lead [09:50] to permanent problems. And you know, [09:53] again, the the regime won't be able to [09:56] pay their soldiers, and equally [09:58] important, Larry, is that they won't be [10:00] able to fund their proxies, whether it's [10:02] Hezbollah, Hamas, [10:04] around the world. One one of President [10:07] Trump's goals in this was to stop Iran's [10:10] ability to project terrorist power [10:13] around the world. Iran was the largest [10:15] sponsor of state terrorism around the [10:17] world. They've been killing Americans [10:19] there for the past 47 years, and that's [10:23] coming to a stop now. Yes, sir. [10:26] Okay, this is a [10:28] This is huge, a very informative clip. [10:30] Uh let me just uh clarify one term of [10:33] art that was used in uh in uh in this [10:36] where Larry Kudlow mentioned the teapot [10:39] refineries. If you don't know what that [10:40] term means, teapot refineries, they're [10:42] called teapot refineries, they're in [10:44] They're {quote} {unquote} independent [10:45] refineries. Nothing's really independent [10:47] in in in China in the Chinese Communist [10:49] Party's uh People's Republic of China. [10:51] Nothing's really independent. But what [10:53] they are is is these small refineries [10:56] that are kind of like, oh, they're just [10:58] private, and they and they take oil that [11:02] has been moved around in what's called [11:04] shadow fleets, if you've heard that [11:05] phrase recently. Shadow fleets are these [11:08] boats [11:09] that what they do is they, you know, [11:10] they take oil, they put a flag of some [11:13] country that isn't Iran on it, and then [11:14] they take it out into the ocean, they [11:16] meet up with another boat, [11:18] and they'll mix the oil, they'll move it [11:19] from boat to boat. Sometimes they'll mix [11:21] it with oil from a couple different [11:22] countries. It's kind of like laundering [11:24] money, they'll move it around the world. [11:26] They'll um they'll even go up to And [11:28] this is And this is where Venezuela [11:30] often played a role here, where they [11:32] would actually ship oil from Iran to [11:33] Venezuela and then back and then back to [11:35] China. They would move it around so that [11:37] it's harder to track, and then bring it [11:39] to these refineries that are not large, [11:41] official government refineries, and uh [11:44] and it just makes it easier to conceal [11:46] Iranian oil. And the United States is [11:49] now cracking down on the teapot [11:51] refineries. [11:52] Uh and that that's, you know, that means [11:54] that they're going deeper into uh the [11:56] Iranian money flow around the world. You [11:58] mentioned the crypto, and he also [12:00] mentioned uh you know, this worldwide [12:02] network of terrorism. And that brings up [12:04] an issue that I've been wondering about [12:05] since the beginning of this war, which [12:06] is [12:07] the Iranian regime is not just in Iran. [12:09] It's not like the Syrian regime or the [12:11] Iraqi Saddam Hussein regime or Gaddafi [12:13] in Libya, where they're just governing [12:15] their own or ruling their own little [12:17] country or even North Korea. North Korea [12:18] doesn't have an international network. [12:21] Iran was was like a a terrorist [12:22] superpower. They have a massive [12:24] international network. A lot of the [12:26] drugs flowing across the southern border [12:27] of the United States have their origins [12:29] with, you know, with Hezbollah networks. [12:32] Hezbollah has bases of operation in [12:35] South America, in Paraguay, for many [12:37] years, in Venezuela. And I've always [12:39] wondered about like, you know, what [12:40] about all these networks, the drug [12:41] networks, the you know, the trafficking [12:42] networks that that uh that Iran can that [12:45] Iran has built around the world. How did [12:48] they fit into the collapse of the [12:50] regime? And you see here that the Trump [12:51] administration is targeting all of that. [12:55] It's targeting all of it. Uh and uh and [12:58] and making sure that there's no revenue [12:59] streams coming into the Iranian regime. [13:01] And ultimately, when the when the regime [13:03] collapses, you can see that the Trump [13:05] administration is really doing a [13:07] comprehensive job. This is not a sloppy [13:08] operation. They're doing a very [13:10] comprehensive job bringing down the [13:12] entire network of operation. [13:14] Um and uh yeah, I just found that to be [13:16] a very revealing clip from Scott Bessent [13:20] talking about all the different things [13:21] that they're doing in terms of seizing [13:22] assets, mentioning seizing the assets [13:24] for the Iranian people, meaning that the [13:26] intention is to, you know, is to give is [13:29] to give these assets back to the people [13:30] they've been stolen from. He talked [13:31] about seizing their villas around the [13:33] world. It you know, the [13:35] It's pretty clear [13:37] that [13:39] that the Venezuela action, the timing of [13:42] it, had everything to do with Iran, when [13:44] you look back on it. Because he even [13:46] mentioned that they've been They already [13:48] had put these uh these very strong [13:51] uh sanctions on Iran, which led to the [13:54] economic collapse, would meaning after [13:56] the 12-day war, which led to the [13:58] economic collapse in Iran, which led to [14:00] the protests, which led to this war. [14:03] Well, in the middle of all that, the [14:04] Venezuela thing happened. Why is that so [14:06] important? Because Venezuela and Iran [14:09] are have were more than just allies. The [14:11] Look, the Maduro Chavez Maduro regime [14:14] was more than just allies with Iran. [14:15] They were really like business partners. [14:17] They were very integrated. [14:19] Uh their economies were integrated. [14:20] They're They were It was like one big [14:22] mafia cartel. They worked together. The [14:25] And a lot of the Iranian leadership had [14:27] escape homes or or or uh what you might [14:30] call um vacation homes in Venezuela that [14:34] they always had their eye on, that they [14:35] would run away to if if the regime ever [14:37] fell apart. That's obviously off the [14:39] table with the Americans running [14:40] Venezuela now. [14:42] But the amount of financial uh [14:45] involvement between the Maduro regime [14:47] and the regime in Tehran was very very [14:49] complex [14:51] very uh and ran very deep. And the [14:54] decapitation of the Maduro regime was [14:56] actually You have to view it as the [14:58] first step [14:59] in the undoing of this global [15:04] Iranian [15:05] terrorist and drug trafficking and human [15:07] trafficking network that they'd built [15:09] around the world. I mean, Iran really [15:11] was a kind of a sick, dark superpower [15:15] that's being taken down. And here you [15:16] get a glimpse into all the work that's [15:18] being done that we don't see, that [15:19] doesn't make the headlines as much, and [15:21] it doesn't it doesn't uh you know, it's [15:23] not bombing, and uh when people talk [15:26] about the war, they don't think about [15:27] it, but this is This is the real This is [15:30] what really ends up pulling down the [15:31] regime. It's the stuff that Scott [15:33] Bessent was talking about. Now, later on [15:34] in the interview, they talked about [15:36] American domestic issues for a while, [15:38] and then later on in the interview, they [15:39] came to They started talking about the [15:41] United Arab Emirates. [15:44] And this is interesting because uh I [15:45] made a video the other day, and maybe [15:47] you saw it, but you certainly hopefully [15:49] saw the headline that the UAE pulled out [15:52] of OPEC. And the timing was so [15:53] interesting. Why did the UAE pull out of [15:55] OPEC right now? And um and and the [15:59] background of it, simply, if you read [16:01] any news stories, is that OPEC, the the [16:04] oil cartel, was really run by Saudi [16:06] Arabia. And being part of OPEC meant [16:08] that if you're an OPEC member, you had [16:10] to um [16:12] uh you had to cap your oil production at [16:16] a certain number. And the UAE had has [16:18] much more capacity [16:20] than they were producing because of the [16:22] restraints of OPEC. And they wanted to [16:25] leave OPEC because it wasn't really [16:26] beneficial to them to stay in OPEC [16:28] anymore. That was the story from [16:30] yesterday. But then Scott Bessent uh [16:32] this conversation between Kudlow and [16:35] Scott Bessent uh shed uh more much more [16:37] interesting light on what's going on [16:39] with the UAE [16:41] and the relationship to the United [16:42] States and this war right now. So, let's [16:44] take a look at that. [16:46] The one is I kind of love what you did [16:49] with the UAE. [16:51] You gave them a dollar swap lines. They [16:53] weren't in trouble, but they're part of [16:55] the dollar group now, not the yuan or [16:57] the petro yuan group. And they're [16:59] They're leaving OPEC. They can produce a [17:02] couple million barrels more in [17:05] uh per day from maybe two two and a half [17:07] million to as much as 5 million. The UAE [17:10] has chosen to side with the United [17:12] States in the dollar block. I think [17:14] that's most significant. Whatever you [17:17] did, whatever you have up your sleeve, [17:19] Mr. Bessent, I think it's pretty clever [17:21] play. [17:23] Uh look, the the the UAE uh and several [17:27] other Gulf countries and some of our [17:30] Asian allies have requested swap lines. [17:32] And to be clear, Larry, that a swap line [17:35] is not a bailout. [17:36] >> Mhm. That it it it is just a swap for US [17:40] dollars for [17:42] the local currency at a fixed price. It [17:44] is either done from the Fed or Treasury [17:48] to the central bank. It is an They [17:51] ironclad credit. Uh They These are some [17:53] of the most liquid countries in the [17:55] world, and they just asked for the swap [17:57] line as another layer there uh [18:06] our allies during this time. And the [18:09] this is when [18:11] during a conflict, we stand by them, and [18:14] we we show our support both militarily [18:17] and economically. And they uh the UAE [18:21] has made the decision to get out of [18:23] OPEC, which is why I'm confident that [18:25] once we get on the other side of this [18:27] conflict, that we will see oil prices [18:30] and gasoline prices lower than they were [18:33] when the conflict began. And if you look [18:35] at the forward crude market, it it's [18:37] telling you the same thing. I mean, they [18:39] basically chosen free markets over price [18:42] controls. And my guess, I don't know, [18:44] Venezuela, Ecuador, Nigeria, they may [18:47] follow suit. The Abraham Accords may go [18:50] a lot more. The dollar system You You've [18:52] always been a strong dollar guy. That's [18:54] why I think this is a great move. I'm [18:56] not sure people understand just how [18:58] important this UAE thing is, but I [19:00] wanted to highlight it. Last thing, Mr. [19:04] Okay. [19:05] So, now let me tell you what he's [19:07] talking about with the swap line. The [19:09] You see this headline here, UAE seeks US [19:13] dollar swap line to ease bank liquidity. [19:16] And this is a story that ran uh exactly [19:18] 2 days ago. Okay, so this is Let me [19:21] explain what this is. [19:23] Um [19:24] So So the So the UAE [19:28] uh asked the US for special financial [19:30] arrangement. It's called a currency [19:31] swap. Okay, this came up because there's [19:33] an ongoing because of the conflict, uh [19:36] and uh and it's causing disruption to [19:38] the UAE economy. So, what's a currency [19:40] swap? Think of it like [19:42] uh like a temporary lending agreement [19:44] between two countries' central banks, [19:46] right? The equivalent of national [19:47] treasuries, right? The UAE Central Bank [19:50] will say to the US Federal Reserve, lend [19:51] us some dollars now, we'll give them [19:53] back later. It's basically a safety net [19:55] that makes dollars easier and cheaper to [19:57] access. The UAE's currency, [20:00] the dirham, is pegged to the US dollar, [20:02] meaning its value is fixed to the [20:04] dollar. So, the UAE's banking system [20:06] runs heavily on dollars. [20:08] And because of the of the war with Iran, [20:12] fewer dollars are flowing through trade [20:14] and tourism, causing a cash crunch for [20:17] local banks. [20:19] So, the UAE is not broke, as he said [20:21] there, these these are some of the [20:22] richest liquid countries in the world. [20:24] They have over $2 trillion in investment [20:26] assets. They have 300 billion in foreign [20:28] currency reserves. [20:30] Um [20:32] And you know, so this isn't about [20:33] financial desperation or anything. It's [20:35] about making it cheaper and easier [20:38] for them to manage a temporary dollar [20:40] shortage. [20:42] And it also sends a political signal [20:44] that the UAE is a trusted, stable ally [20:46] that the United States is helping out. [20:48] Um the bottom line is this, the UAE is [20:50] not in financial trouble. That's not [20:52] what this as he said, it's not a [20:53] bailout. People need to mis- you know, [20:54] people can misunderstand a headline. The [20:56] UAE is asking for some dollars from the [20:58] US. [20:59] It's asking for a dollar lifeline as a [21:01] precautionary measure. [21:03] As a way of cementing its relationship [21:05] with the US. It's like a wealthy person [21:07] with plenty of assets in the bank asking [21:09] for a short-term credit line because [21:11] it's more convenient than selling off [21:13] investments right now. Think of it that [21:14] way. That's the That's probably the best [21:16] way [21:17] to describe it. [21:19] Now, what [21:20] the reason I think this is significant [21:22] in terms of the war is that think about [21:25] what was just said about their leaving [21:27] OPEC [21:28] and the timing of it, cuz [21:30] the thing about the leaving OPEC was it [21:32] was obviously a massive headline, but [21:34] the timing was so interesting. Like [21:36] right in the middle of this whole [21:37] crisis. Why don't they wait till the [21:38] crisis is over? What are they doing this [21:39] now for? So, obviously, if you put all [21:41] the pieces together, the leaving OPEC [21:44] the way Scott Bessent put it, the way [21:46] Kudlow and Bessent were talking about [21:47] it, and it now I've gone, "Aha." And I [21:49] didn't even talk about this when I made [21:51] a video about them leaving OPEC. They're [21:52] signaling that they're going to be [21:54] ramping up production. [21:56] And they're going to be possibly [21:57] doubling the amount of oil that they're [21:59] that they're producing. And they have [22:01] that pipeline that goes out into the [22:02] Indian Ocean. They don't even need the [22:03] Strait of Hormuz as much as others do. [22:06] And if they're signaling they're going [22:07] to ramp up production, the big issue [22:09] that's been eating away at public [22:12] opinion on this war and that Trump has [22:14] been has been managing so delicately [22:16] this whole time is the price of oil. So, [22:18] if in the middle of this whole thing, [22:20] the UAE announces that it's leaving [22:21] OPEC, which which means that they're [22:24] they're they're willing to not stay with [22:26] the price fixing. OPEC is basically a [22:28] price fixing scheme. [22:30] Okay? Uh that's that's that's what it [22:32] is. So, by leaving OPEC and saying [22:34] they're and signaling that they're going [22:36] to ramp up production, [22:38] that also is designed to drive down [22:41] energy prices. And meanwhile, the United [22:43] States is helping them out with this [22:45] with this dollar swap, [22:48] which also cements the UAE onto the [22:50] dollar system. That's what they were [22:51] they were talking about and what they [22:52] were referring to there. It's not just [22:53] about the the yuan. The UAE during the [22:56] Biden administration was flirting with [22:58] being part of the whole BRICS system, [23:00] which is this whole new system put [23:02] together by by the Russians and the and [23:04] the and the Chinese and and the Iranians [23:06] to try to create an alternative to the [23:09] primacy of the US dollar. And the UAE is [23:12] now is now [23:14] being much more cementing its position [23:16] as part of the dollar system. And [23:20] and and the US is of course helping them [23:22] out. So, it's not just about helping out [23:23] an ally who's been harmed by the war, [23:25] but this is all a big signal of [23:28] you know, designed to drive down [23:31] oil prices [23:32] and and help the UAE, who's been such a [23:34] good ally, and help them help them ramp [23:38] up their production and make up some of [23:39] the economic losses that they've had, [23:41] and then leaving OPEC is a part of that. [23:43] So, it's not the economic warfare is not [23:46] only to take down the Iranian regime, [23:48] it's also the United States is also [23:50] supporting supporting a vital ally. And [23:53] this all feeds into the the larger [23:55] narrative of the UAE. When the dust [23:57] settles on all this, with the UAE out of [23:59] OPEC and having deeper relationships and [24:02] stronger relationships with Israel and [24:03] the US, [24:04] this only emphasizes a point I made in [24:07] my last video about the UAE. I believe [24:09] that the UAE is betting on the regime [24:12] actually coming down, coming crashing [24:14] down. And all these other Muslim [24:15] countries, these other Arab countries in [24:17] the region, who are kind of hedging and [24:19] hedging and hedging, and some and a lot [24:20] of that hedging is cuz they're not [24:21] confident that the regime is going to [24:23] fall, or they don't want the regime to [24:25] fall because of the impact that it will [24:26] have on them, [24:28] um they're going to have a rude [24:29] awakening when the regime does fall and [24:32] they're kind of left out in the cold if [24:34] that's what happens, if the regime moves [24:35] in a pro-Western direction. So, there's [24:37] a lot of pieces to this puzzle here, uh [24:39] but I think that this this economic [24:41] piece is worthy of our attention. So, [24:44] thanks for watching. Please make sure [24:45] you're subscribed and subscribe to the [24:47] Israel 365 channel as well and all that [24:49] jazz. And thank you so much to all of [24:51] you for helping grow the channel. I'm [24:53] going to be heading off to the United [24:54] States for the next week and a half, so [24:56] I'm going to be in some different [24:57] places. We'll see what my studio [24:58] situation is like in hotel rooms and [25:00] things. [25:01] Uh but uh there might be a couple more [25:03] videos before I get on the plane. [25:05] Uh but uh I'll I'll keep you guys [25:07] updated on everything that I'm doing. [25:08] God bless.
