Over the long term, this will put downward pressure on oil prices... will result in greater global supply that'll benefit American consumers over time.
Thesis is that a swift military conclusion and transition to a non-hostile Iranian government will remove a major geopolitical risk premium and increase oil supply stability.
Asks where things stand with Iran given market confusion and oil price volatility after Trump's comments.
Andrew Ross Sorkin
Ted Cruz
Military action likely to last another couple of weeks. Remarkable success in degrading Iran's military capabilities. Transition to a new, non-terrorist regime in Iran will happen in the next few weeks.
Lists specific military achievements: ballistic missile launch/manufacturing capability, air defenses, drones, naval capacity eliminated. Top leaders of the regime have been eliminated.
Questions if the American people will be patient with high oil prices, especially in a midterm election year.
Andrew Ross Sorkin
Ted Cruz
This will not be a long, protracted engagement like Iraq. We've seen a temporary spike in oil prices. Over the long term, this will put downward pressure on oil prices.
Argues conflict is targeted strikes against a direct threat, not an invasion. A non-terrorist Iran will result in greater global oil supply, benefiting consumers.
Clarifies if the objective is regime change, given Trump said the war was near its end.
Notes markets reversed on Trump's 'near the end' comment, implying maybe regime change wasn't required.
Andrew Ross Sorkin
Ted Cruz
The president is right that we're near the end. It could last a couple more weeks, but not many months or years. Many concrete objectives are already being delivered.