Peter Morici doesn't get it that Tehran already threatens the global order, without nuclear weapons, because it already decides who may safely pass through the Strait of Hormuz

 

 ... With nuclear weapons in hand, Iran could threaten the global order with impunity. ... Tehran would recover, build atomic weapons, decide who may pass safely through the Strait of Hormuz, and slowly strangle the global economy by demanding tribute for access to precious Gulf oil and LNG.

Very odd essay.

Here. 

Some Golden Age: The 10-year trend for percent change for ADP private payrolls is down

 

Trump keeps calling Iran's leadership "new" as if that means there's been real change when the current president assumed office in July 2024 lol

 Trump says Iran’s president asked for ceasefire, but U.S. wants Hormuz Strait open first

President Donald Trump on Wednesday said Iran’s “New Regime President” has asked the U.S. for a ceasefire. ...

A broken clock is right twice a day

 Trump calls U.S. ‘STUPID’ for birthright citizenship after attending Supreme Court arguments

The U.S. has military bases in all Persian Gulf countries except Iran, from which Trump has launched attacks on Iran which will have the effect of bankrupting those countries

 There is something deeply insane about all this.

Only Saudi Arabia and the UAE have pipelines which can by-pass the Strait of Hormuz and replace a part of the lost export capacity. Production will have to be curtailed because there's nowhere to go with it. And everyone in the world will be poorer for it.