I want to be clear — I don’t support the Iranian regime, not for...

I want to be clear — I don’t support the Iranian regime, not for a second. What’s unfolding right now feels more like a slow burn than a sudden fire, and no amount of upbeat headlines on Fox News can mask the deeper uncertainties. It’s the kind of crisis where the “known knowns” are overshadowed by all the things we don’t see coming.
This situation clearly affects oil and gas stocks — especially those with ties to the Persian Gulf. And while there was initial celebration among many Iranians when the list of military leaders was announced, that will likely shift. As the number of airstrikes and civilian casualties rise, people tend to rally around their flag, even if they were once critical of those in power.
It’s a heartbreaking pattern we’ve seen before — fertile ground for extremism, especially in fragile or failing states. Iraq is a sobering example, having lost over a million of its people. The risk of history repeating itself is very real.
It’s also worth remembering Iran's long and complicated history — including its Jewish heritage. Tehran alone still has over a dozen functioning synagogues, and other cities preserve ancient sites. These communities are part of Iran’s cultural fabric, and I worry deeply about what happens to minorities when war pushes people to extremes.
I believe Israel — a secular, democratic state — has every right to exist in peace. But I fear peace is drifting further out of reach. The human cost will be staggering for both sides, and yet the markets will continue to reward companies like Karoon Energy. That disconnect is hard to sit with.