Everybody. Peter Zion here coming to you from Colorado today, to popular acclaim, we are going to talk a little bit about what’s going on in the Middle East. Of late, there’s been a lot of tit for tat attacks across the region, with the Iranians broadly on one side and the Israelis on the other. Has been lost somewhere in the middle. And the question really comes down to whether or not we’re going to be seeing a broader war here. Punchline, probably not. Israel has its hands full in Gaza. It really doesn’t want a wider conflict. Hezbollah, which is the militant group that, from certain points of view, de facto, runs Lebanon, definitely does not want its position overthrown, because it’s no longer a pure terror group. It actually is more or less the government, and that means it has exposures that are a lot easier to be exploited in a direct war, as opposed to a terror group, which can just go to ground. They’re much more vulnerable because they’re much more powerful. And then third in Iran, they’re trying to go through a political transition. They’ve got a new president, and the supreme leader who makes all the real decisions is older than Biden, and we know that he doesn’t have much time left either. So they don’t want the disruption that a major war would cause as well. The problem, of course, is that the Middle East, to put it in western terms, is basically like a bar room argument, and that everybody wants to have the last word. So in the last few days, the Israelis have assassinated Ismail Haniyeh, who is a Hamas political leader who was in Tehran, and they assassinated him in Tehran. So the Iranians are furious, obviously, and feel that any idea that you can provide security for your own allies in the region, but not you can’t even do it at home. Makes them look incredibly weak, so they feel they need to strike back. So they probably will. But remember, what preceded this was Iran leaning on Hezbollah to apply her a bunch of rockets into Israel. And so before that, the Israelis killed a Hezbollah commander in Beirut. And it’s just it’s been back and forth and back and forth, back and forth. Everyone wants the last word. Nobody wants the last word. Nobody wants a war, but everybody wants the last word. It’s not the most perfect picture for strategic stability, but I have to remind you that this is what the Middle East looks like on a good day. And of late, the Middle East has had a lot of good days, as long as the major players, Hezbollah, Israel and Iran in the situation don’t feel that they would benefit from a wider conflict, all we get are these sort of high profile blaming back and forces everyone is seeking to close the argument. It’ll never close, but it also means the violence is unlikely to rise to a certain level above what is basically, for the rest of the world, a degree of background noise. Okay, so the other thing to keep in mind on this is now there is a discussion going on internally in Iran, as I mentioned before, a new president, supreme leader, is failing. One of the things that we have seen since the Iraq War back in 2003 is that Iran has more and more and more given a free range of the I R, G, C, which is basically their Para Military arm, controls large chunks of the economy at home, and is basically in charge of shooting people abroad. And as they’ve been given a longer and longer reach reach they’ve basically indulged in every little fantasy they possibly could when it comes to revenge and picked fights with everyone. Well, that’s coming home to roost now. That’s one of the reasons why the Israelis have dropped the hammer on Iranian interests here and there of late. Well, there’s a discussion now going on in Iran about whether or not they’ve gone too far, whether they’re causing more problems than benefits, whether they’ve become too important of a power player on their own, whether they’re breaking away from the clerical establishment and starting to set policy on it. These are all reasonable conversations, and in a normal country, these conversations would be front and center in a place like Iran where democracy is how should we say this limited? It’s interesting that it’s finally boiled up, and it took the humiliation of the Hania assassination on their home turf to kind of underline it to Iran about how bad the IRGC has gotten. Now you shouldn’t expect a singular decision here to suddenly change the math. The person who matters in Iranian politics is the supreme leader, and if he feels that the I R, G, C has gone too far, needs to be reined in, he will have to do something about that. But like I said, he is failing. So we are probably going to see a cosmetic continuation of the tit for tats with Iran. It’s their turn. But back at home, we’re probably going to see a significant amount of instability and shifting as the various players, and most notably the Supreme Leader, actually have to make some really hard decisions about the future of the country and for the. Prim leader. This is also about legacy, and he probably doesn’t want his last legacy to be like taking a hammer to the IRGC anyway, exciting times, but probably not a war. It’s.