Iran is certainly talking like it’s getting ready to hit US bases. Some are very close to Iran’s borders so it will be an interesting showdown but I wonder if they don’t try to do something to make a few craters without hurting anyone.

It’s all a delicate situation with a multitude of risks but I keep coming back to Trump’s tweet today — he doesn’t want higher oil prices and MAGA doesn’t want a ground war. So what’s really at stake for the global economy and markets?

Here is a NYT map from October highlight the locations of some US military bases.

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