Iran is an ‘ECONOMIC BASKETCASE': Former deputy national security advisor

• 121 ships have crossed the Strait of Hormuz since Monday, indicating a resumption of traffic.
• Iran's economy is expected to contract by 6% this year, and the US aims to prevent any Iranian tolls on international waterways.
• Ukraine is targeting Russian oil refineries and increasing its own munitions manufacturing, potentially shifting momentum in the war.

The discussion highlights increased shipping traffic in the Strait of Hormuz despite Iranian threats, with the US vowing to prevent any tolls. Iran's economy is projected to contract significantly, while the US economy shows resilience. The Russia-Ukraine war continues, with Ukraine making strategic gains against Russian oil infrastructure and increasing domestic munitions production.