Market reaction and China’s energy vulnerability

On the battlefield, the Iran war is expanding, and the real negotiations aren’t happening in backchannels — they’re happening in the Strait of Hormuz. 

The Iran war isn’t just about Iran. It’s about energy, leverage, and whether Beijing—and even Taiwan—are already learning the lessons of this war in real time. 

FDD’s Matt Pottinger joins host Mark Dubowitz to break down why a deal may be closer than it looks, why Trump may not take it, and how this war is already reshaping the global balance of power — and why China’s watching closely.