Scott Galloway and Jessica Tarlov are joined by retired U.S. Navy Admiral James Stavridis to break down a rapidly escalating crisis in the Middle East. Following U.S.–Israeli strikes that killed Iran’s Supreme Leader, Tehran has formed a transitional council and is vowing retaliation. U.S. troops are dead. Missiles are flying between Iran, Israel, and American bases across the Gulf. The Strait of Hormuz is under threat, oil is spiking, and global markets are on edge. Is there an off-ramp — or are we at the start of a wider war? What does regime decapitation actually accomplish? How might Iran respond — cyberattacks, proxies, broader regional escalation? And what does this mean for oil prices, the global economy, China, and President Trump’s legacy?

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