It’s crystal clear now that Trump has lost control of this war. He badly misjudged Iran’s ability to retaliate. The region is on fire. 1/ I’m going to explain to you in this🧵what I’ve learned - in part from closed door briefings - about the four biggest current crises.

2/ CRISIS ONE: Trump believed Iran would not close the Strait of Hormuz. He was wrong. And now oil prices are spiking. If the Strait stays closed, a global recession will result. It actually may already be too late. Gas prices are the first to spike, but food prices are next.