Eric and Eliot begin with reflections on recent domestic political developments and the “horseshoe theory” uniting political extremes around isolationism and anti-Israeli sentiment. They then discuss the ongoing negotiations over the Strait of Hormuz and the difficulties the Iranian government and Trump administration have created for themselves. From there they move to the recent cyberattacks on American water systems and the seemingly blasé response by both the Trump administration and the larger public. The two also highlight Russia’s ongoing hybrid war with Europe and the tightening links among Russia, China, Iran, and North Korea. They revisit the continuing degradation of Turkish democracy before wrapping up with thoughts on the recent migrant surge into the Spanish exclave of Ceuta.