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April 8, 2026 3 mins

The ceasefire with Iran has to hold, according to an intelligence foreign policy analyst, otherwise the entire global economy will collapse. 

The reduction in energy resources from the war was like “doing one of those Vulcan pressure holds on your carotid artery”, former US Navy senior chief Malcolm Nance told Ryan Bridge. 

“You can't hold it forever, you're then going to start killing the system… [US President Donald Trump] had to take this deal.” 

The US-allied Gulf states had lost trillions of dollars in market capital from the attacks, Nance said. 

“[Trump’s] going to have to deal with what's been played now, because there's no restarting this war. It will collapse the global economy if they do it again.” 

Nance —who has extensive experience fighting in the Persian Gulf— said the war should never have started in the first place as Iran’s chokehold over the Strait of Hormuz has been very clear since the 1980s. 

“This was done almost haphazardly. They didn't consult anybody and they didn't listen to the advice of military planners. 

“We are awesome —America— at blowing things up. We're apparently really awful at meeting our stated objectives.” 

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Speaker 1 (00:00):
So Pete Higsith was out overnight. Rickins, the ceasefire will hold.

Speaker 2 (00:03):
Now we have a chance at real peace and a
real deal. The War Department four now four now has
done its part. We stand ready in the background to
ensure Iran upholds every reasonable term. And as everyone knows,
nobody makes a better deal than President Trump.

Speaker 1 (00:22):
There's got a Malcolm Nance, intelligence foreign policy analyst and
former United States Navy senior chief Malcolm nice to have
you on the program. What are your thoughts, What are
your thoughts? What are your feelings about the chance of
this thing's going to hold?

Speaker 3 (00:37):
I should expect it's going to hold principally because the
global economy could not take much more of this. And
that's where Donald Trump's real pressures came from. That came
from the people who were saying that, you know, the
entire world system could have gone into recession. The oil
that was coming out of the Gulf was being limited.

(00:57):
Natural gas have been cut off twenty percent. You know,
it's like doing a you know, one of those vulcan
pressure holds on your corot at artery. You know, you
might be able to hold it for a while, which
you can't hold it forever you said, you're going to
start killing the system. So I don't I think Trump
was trapped. He had to take this deal, and now
the worst part is a round comes out of it stronger.

Speaker 1 (01:17):
Well, we think. And the White House is saying that
the ten point plan that everyone's talking about is not
the ten point plan that they've signed up to.

Speaker 3 (01:28):
Yeah, and I've noticed that they said that after they
had already written. Donald Trump had retweeted Minister around she
the previous bar Minister's statement which said the basis of
it was the original fifteen point plan lost. The ten
point plan that around it sad set and that's supposed

(01:49):
to be the basis of negotiations. The fifteen point plan
wasn't any better. So you know, if Trump took this
as an off ramp to stop the collapse of the
world economy to save money for his friends, you know,
the Gulf States lost brillions in market capital with these attacks.
He's going to have to deal with what's been played

(02:10):
now because there's no restarting this war. It will collapse
the global of global economy if they do it again.

Speaker 1 (02:15):
Which begs the question was it worth doing in the
first place.

Speaker 3 (02:21):
No, and they should never have done it in the
first place. Look, they have been preparing for this war
since nineteen forties, since nineteen seventy nine, forty seven years.
I fought the Iranians multiple times in the Persian Gulf
during the nineteen eighties, and it was very clear back
then their geographic choke hold was over the straight Oh Hormons.

(02:42):
This was done almost haphazardly. They didn't consult anybody, and
they didn't listen to the advice of military planners. We
are awesome, America at blowing things up. We're apparently really
awful at meeting our stated objectives.

Speaker 1 (02:58):
Malcolm Nance, intelligent foreign policy analysts and former United States
Navy senior chief. Nice to have you on the program.

Speaker 3 (03:05):
For more from Early Edition with Ryan Bridge, listen live
to News Talks it'd be from five am weekdays, or
follow the podcast on iHeartRadio.
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